Some UK-based accountancy bodies have joined other companies and placed staff on furlough leave.
AAT confirmed: “Some 15% of its employees have been furloughed at this time”. That’s around 40 staff.
CIPFA also said: “As of last week [10 April], CIPFA has taken the decision to place 22 individuals on furlough leave for the duration of the coronavirus job retention scheme. This represents approximately 10% of our workforce.”
ICAEW revealed that it took the difficult decision to place a small number of colleagues on furlough leave from 6 April. These 44 individuals (5.6% of the workforce) are unable to perform their regular day-to-day duties, remain on full pay.
ACCA hasn’t taken this action so far, other than a few roles supporting its offices, and it explained “the position remains under review”.
ICAS said it had been keeping matters under review, but told us it was not making staff take leave at this time, nor does it have plans to do so. A spokesman for CIMA confirmed “nobody has been furloughed at the Association/CIMA”.