Lunson Mitchenall furloughs staff

Niche retail and leisure agency Lunson Mitchenall has decided to furlough a number of employees as a cost-saving measure. Under the government’s Coronavirus Job Retention Scheme, the government will pay 80% of furloughed employees’ monthly wages, capped at £2,500 a month. Lunson Mitchenall did not specify how many jobs were affected. Peter Courtney, director at Lunson Mitchenall, said: “In light of the current unprecedented circumstances, and like many other businesses, we have decided to look to the UK government for support through the furlough scheme. “This decision has not been taken lightly, but it will allow us to protect our business and ensure we can continue to advise and support our clients in the short term. In the longer term, we believe it will give us the flexibility to ensure we can come out of the crisis stronger and in a position to respond to our ever changing industry.” Earlier today it emerged that Savills, CBRE and Colliers have also decided to furlough employees. As disruption from the coronavirus pandemic deepens, many property firms have taken measures to cut back their workforces through furloughs, pay cuts or redundancies. To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette