New York (April 25, 2002) -- Andersen's foreign units have entered into a string of deals with Ernst & Young this week, expanding the growing list of offices that have left the ailing firm's global network.E&Y, which has already picked up a number of Andersen's overseas units, struck deals this week with Andersen practices in Finland, Luxembourg, Malaysia and The Philippines. The firms expect to begin combined operations in Finland on July 1, under the name Ernst & Young. Andersen employs about 150 people in Finland. E&Y's staff there number 310.
The firms also expect to combine operations July 1 in the Philippines, where they employ a total 2,000 professionals, under the name SyCip Gorres Velayo & Co.
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