Ernst & Young partners and staff not fully utilised on chargeable client work have been asked to drop their hours and pay by at least 20 per cent and warned redundancies may be in store, as the big four consultancy works to combat the COVID-19 downturn.
Tony Johnson says redundancies will only be made as a last resort. Tash Sorensen
Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
