It's been the worst of times for management consultancy Price Waterhouse. A recent announcement admitted making 150 staff redundant, but was reticent about the three European partners who will be quitting at the end of this year. Rumours suggest the bloodletting didn't stop there: the corporate departments have apparently been decimated and the Spanish division will see several of its junior partners removed. The old heave-ho has been known to happen to the hoi polloi, but when it happens to partners it's a much more serious business. In the gentlemen's club at the top you can't single out someone to axe with quite the same ease. Those blackballed will no doubt return the keys of the BMW with chagrin. The job market won't provide them with much consolation either. KPMG is shutting its Reading office, Touche Ross has earmarked two of its offices in South Wales for closure, and Grant Thornton has shed 10 managerial staff, three of them consultants. In such a climate those for the chop could find themselves going to a far, far longer rest than they have ever known.
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