Transatlantic firm BCLP is preparing to shed 8% of its back-office staff in a redundancy consultation announced today.
A spokesperson for the firm said: 'We are undergoing a broader business modernization program, which involves a series of strategic initiatives to streamline operations and appropriately reshape teams as we continue to support BCLP’s growth and client focus. The firm is offering enhanced redundancy packages and additional support for affected colleagues. The proposed changes will impact approximately 8% of the firm’s global business services population.'
Global chief operating office Trevor Varnes said: 'We see embracing new ways of working, including investing in technology capabilities, as a cornerstone of our growth. This means taking next steps towards enhancing operational efficiency, leveraging digital solutions and market-leading technology to modernize our processes across a number of targeted and strategic investments and initiatives.'
Chief executive Steve Baumer added: 'As we look to the future, we need to ensure our operations are fit to support our growth ambitions and client focus. Our strategy is focused on building a stronger, more agile firm that can deliver long-term, sustainable value to both our clients and our people.
'We recognize the impact changes like these can have on our people, and we do not take these decisions lightly. Our people remain at the heart of BCLP, and we are fully committed to supporting affected colleagues with care, fairness and transparency throughout.'
2 Readers' comments