Bull Bear Report Oct 05 2010

KPMG to Hire 8,000 In Europe

By kelly eggers

The big hiring announcements from the Big Four keep coming. This time, to the tune of 8,000 new KPMG employees to be added across the pond.

The accounting firm announced yesterday that it plans to boost its European employment from 30,000 to 38,000, including 3,000 in the U.K. alone. The numbers exclude France and Italy, where the firm is planning an additional hiring project.

The news comes on the heels of rival hiring announcements: Deloitte will hire 250,000 over the next 5 years, and PricewaterhouseCoopers has 800 graduate finance openings in the U.K. Ernst & Young is expected to announce employment intentions this week, rounding out the Big Four.

Corporate services firms, including the Big Four, are under the microscope in Europe after receiving criticism for their actions throughout the crisis. The U.K. in particular has expressed its unease toward expenditures associated with government consultancy, but hiring in the region still presses on. The demand is coming from companies looking for instruction on streamlining business operations and expenses, and guidelines for compliance with new financial services reform policies.

Related: Deloitte Will Hire 11,500 in the U.S. in FY 2011

Write to Kelly Eggers

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