Jobs go at law firm
Tuesday 12th May 2009, 2:30PM BST.
JOBS are being cut at award-winning law firm Collas Day.
And former fund administrator of the year Ipes has also confirmed that it is looking at redundancies.
Collas Day has made six non-client-facing staff redundant, half of them voluntarily. But the firm, which employs around 80 people, has also employed staff in new roles to help position it as a key player in the offshore legal services market.
‘We’ve rebranded, opened a London office and adopted a more focused management structure, moving away from the traditional partnership model,’ said Collas Day partner Jason Romer (pictured).
‘Future strategic initiatives to move the firm forwards are in the pipeline. It’s an exciting time for us.
‘At the same time, we have identified that we need to make some changes to the shape of the business to reflect clients’ needs. We have embarked on a consultation to concentrate resources in areas of the business where we see increased demand.’
Mr Romer said the firm was two years into a five-year strategy.
To date, it had lost six members of staff but three of those had been looking to go, he said.
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It is sad to hear that IPES are looking to make redundancies. Lets hope thay reward a sufficient level of compensation for those long-standing members of staff that added value to the company so that it could be successfully sold last August for in excess of £20m.
What do those in the finance sector deem to be a reasonable redundancy package, even though there is no local statutory law on redundancy?
I can only assume that the 3 employees that have filed for voluntary redundancy at Collas Day only did so becasue the offer was reasonable. Will IPES follow suit?
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Worth over £20MIL and successful……making redundancy’s. Have all possible measures been made to maintain jobs?……..Have the BIG bosses taken a pay cut? Have staff been offered a 4 day week? How about flexible hours and a wage cut? All measures taken by the industrial sector before redundancy.
I sincerely hope they reward ALL those members of staff that worked to make that company its worth.
The Island has No local statutory law on redundancy and many other things but what is MORALLY right should be considered. In this currant climate to enable laid off workers to manage to house and feed the family for a considerable amount of time and be rewarded for the effort they have put into the company, seeing as the employee is the one to suffer through what can only be seen as fault of the employer!
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Although Guernsey has no statutory redundancy law, why can’t a profitable company reward those loyal employees with some sort of package. They haven’t asked to be made redundant and still have to afford the high cost of living. Guernsey is classed as an ‘affluent society’, obviously for those who hold the purse strings for companies worth 20 million! The people who are being made redundant contributed to it’s worth and should therefore be awarded a monetry buffer until further employment can be saught.
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