Cushman & Wakefield said today it would compensate any employees made redundant at a level above the government’s statutory amount.
It said that around 80 staff in its sales and letting departments are currently in consultation and could lose their jobs.
The staff have been informed of the redundancy terms but no further details of what amount they will receive has been revealed.
The government’s statutory amount is a maximum of £350 per week for each year of employment increased from £330 from 1 February.
The redundancy payment due to each employee depends on his or her age and length of service (up to 20 years).
A C&W spokesman said: ‘We can confirm that we intend to pay above the government's statutory level of redundancy pay for the current process of proposed redundancies in the UK.’
It follows the news revealed last week on Propertyweek.com that DTZ had cut its redundancy compensation from one week’s pay per year of employment to the government statutory amount.
All property services firms have differing policies. Knight Frank has always had a policy of providing the statutory amount.
Savills and King Sturge will not reveal the details of their redundancy terms while CB Richard Ellis, Jones Lang LaSalle and GVA Grimley said they did not pay the government’s statutory package.