Pannone to make 100 staff redundant after acquisition

December 17, 2013 UK firm Pannone has announced that it intends to make around 100 staff redundant after it was acquired by Australian firm Slater & Gordon.

Pannone is the latest in a long string of UK acquisitions for Slater & Gordon, who have been focussing on collecting personal injury firms including Russell Jones & Walker and Fentons.

The firm has offered 100 voluntary redundancies, saying that there will be no compulsory redundancies. An insider talking to RollOnFriday reports, however, that the 100 staff approached for voluntary redundancy have been told that "they probably won't have jobs in SG". Meanwhile, the firm's 27 full equity partners will come away from the deal with a payout of £33m between them.

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