Deloitte, EY, KPMG and PwC hit by surprise inspections via IrishTimesBiz
Similar to international investment banks or corporate law firms, working hours can be punishing, particularly during busy periods of corporate dealmaking or the annual audit season for listed companies.
One senior executive at a foreign bank in Madrid who interacts regularly with the Big Four said work there was “a few notches below investment banking” in terms of prestige and salary, but not significantly less arduous. “They work very hard but make a fraction of what you make in banking.” The executive said a junior analyst in investment banking in Spain could earn €100,000 per year.
The four firms generate combined annual revenues of more than €700 million in Spain. Díaz, a member of the communist party, has made monitoring working hours a priority since a 2019 law introduced new requirements for the start and end times of workers’ days to be recorded. Last year it identified more than 11,000 infringements affecting nearly 113,000 workers and imposed penalties totalling almost €14 million.
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