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BERMUDA-Accenture, the global management consulting and outsourcing company, is in the throes of restructuring its business to streamline growth and profitability. As a result, the company will incur a $247 million pre-tax restructuring charge according to a company release.

“As part of our drive to deliver high performance–both for Accenture and for our clients–and the implementation of our comprehensive human capital strategy, which defines our global talent and leadership models, we are acting boldly to better position Accenture for both short-term economic improvement and for long-term growth and profitability,” says William Green, chairman and CEO.

Of the total $247 million, about $119 million is a result of the company’s reduction in office space around the world. According to company officials the slimming down “will increase the productivity of the company’s fixed cost base and generate ongoing savings.” The reduction in office space will complete by the end of 2009.

The remaining $128 million is a charge due to severance packages and other workforce downsizing. The senior-level executives will be the most heavily hit, with a total displacement rate of 7%. The workforce reduction will be complete by the first quarter of 2010.

“The realignment of our senior-executive workforce will help ensure that Accenture has the right people, skills and capabilities, at the right levels and in the right places,” Green says. “The affected executives are highly skilled and valued professionals, and we will be working with them, as appropriate, to help them find new opportunities outside of Accenture that take advantage of their experience and expertise.”

Company officials still expect the net revenues for Q4 2009 to be between $5 billion and $5.3 billion.

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