JLL preps UK redundancies
JLL is preparing a redundancy programme in its UK business, the latest agency looking to cut costs as an economic downturn emerges.
A spokesperson for the firm said that as part of “continuing measures” to manage costs, it is making “the difficult but necessary decision to make specific roles within our operation redundant”.
They added: “We are confident that the strength and resilience of our diversified business will enable us to continue to support our people during this uncertain time and deliver long-term value to our clients and shareholders.”
JLL is preparing a redundancy programme in its UK business, the latest agency looking to cut costs as an economic downturn emerges.
A spokesperson for the firm said that as part of “continuing measures” to manage costs, it is making “the difficult but necessary decision to make specific roles within our operation redundant”.
They added: “We are confident that the strength and resilience of our diversified business will enable us to continue to support our people during this uncertain time and deliver long-term value to our clients and shareholders.”
In November, the firm’s chief human resources officer, Laura Adams, said in an investor presentation that the current market had given the firm “an opportunity to look at ways in which we can operate more efficiently”, adding: “Unfortunately, that may have some impact on a small percentage of our people.”
That followed CBRE’s announcement of $400m (£347m) of cost reductions, some $300m of which “will be permanent in nature, with the vast majority coming from headcount reductions”.
More recently, Avison Young offered UK staff voluntary redundancies as part of a multi-million-pound cost-cutting initiative spanning the UK, US and Canada.
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