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Consulting firm A.T. Kearney has shuttered its Frankfurt office and will set up a new office in Dusseldorf, German publication Manager Magazin reported June 20.

The move is understood to be done as part of a company effort to cut costs. Workers at the Frankfurt office must sign a new contract with the firm, while those who do not will receive a notice of amendment, which means a salary reduction.

A.T. Kearney has had difficulty securing transactions with financial service providers, while competitors are receiving new fees every day.

Martin Sonnenschein, the Germany head for A.T Kearney, will be replaced by Martin Eisenhut, who came from Roland Berger in 2015.

martin eisenhut atk

 

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