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JLL has become the latest property consultancy to confirm that it is furloughing staff as a result of the impact of coronavirus.
“To support our UK-based employees, whose roles have been temporarily impacted as a result of this unprecedented situation, we will be participating in the UK Government’s Coronavirus Job Retention Scheme. This is a positive step to protect jobs across our UK business as we respond to the changing needs of our clients," a JLL statement to Bisnow said.
There were no details on which locations or specialisms would be affected by the move.
Property consultancies are already bracing themselves for a series of staff layoffs as the coronavirus crisis bites deep into the economy.
Lambert Smith Hampton and Avison Young have confirmed to Bisnow that staff will be furloughed, but will not say how many in each city.
Cushman & Wakefield will be making redundancies to meet the severe contraction in the retail sector, React News reported.
“We’re not able to release any details about volume or regional breakdown at this stage,” Avison Young said.
"The property industry is facing an unprecedented situation," Lambert Smith Hampton Chief Executive Ezra Nahome said.
"Our absolute focus remains the health, safety and wellbeing of our people. At the same time, we must protect our business too. It means we are reviewing furlough options in accordance with the UK government’s guidelines. This should provide the necessary tolerance to allow businesses and the economy to respond positively once a degree of normality has returned. Taking early intervention should place the business on a stronger long-term footing.”
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