Cluttons is making 4% of its staff redundant as cuts costs in the economic downturn.
The company, which employs more than 600 people across the country, will make the cuts – less than 30 people - from its commercial transactions teams.
Bill Siegle, who will take over from senior partner Richard Cotton next year, told Property Week said the staff cuts were ‘unfortunate but necessary’.
Commercial reality
‘We don’t make these decisions lightly but it is a commercial reality and one we are not going to shy away from,’ he told Property Week.
‘Like everyone else we have to make these decisions so we can continue moving forward to take advantage of the up turn in the market when it occurs.’
The redundancies are being made predominantly from Cluttons’ regional offices, though some staff in London will be affected.
Redundancies across the market
The redundancies are the latest in a string of job cuts being made by surveying firms.
Last month Savills announced it would be making redundancies, mostly from its residential division, but has not indicated how many.
DTZ has announced it is axing 40 from its work force and CB Richard Ellis has made a series of cuts from regional offices.
Despite the announcement, Siegle said the non-transactional side of the business was operating well, particularly in relation to landlord & tenant work, ratings and valuation.
He also said the Cluttons’ Middle Eastern business was also doing well.
