Cutbacks Replace Layoffs at KPMG UK

February 3, 2009 by  

Thanks to the Creative Class blog for pointing here to the story here that 80% of the 11,000 KPMG British workers accepted a move to reduce work and compensation to four rather than five days per week.

The post includes some interesting discussion of the challenges of doing something like this in the U.S., although one comment points out that the city of Gary, Indiana has also done this. I have also posted other examples here and here.

I frequently argue that every business is a knowledge business. People are one of the key¬† knowledge assets. So finding a way to keep people is an important goal in today’s economy.

Are there other examples of this out there?

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