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Property slump hits Colliers jobs

COMMERCIAL property consultancy Colliers CRE said it planned to make a further 70 staff redundant after activity in the sector plummeted, causing a 33 per cent drop in revenues for 2008 to £78 million.

The company, which has offices in cities including Glasgow, Manchester, Bristol and Belfast, said the majority of the lay-offs would be in London, where it has its headquarters.

Colliers said its headcount would now be 750 while its cost base for 2009 would fall to a figure materially below revenues for 2008.


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