BNP Paribas begins redundancy consultation

Staff in the Manchester office of surveyor BNP Paribas Real Estate are waiting to hear if they will lose their jobs as part of a national restructuring exercise.

The Paris-headquartered firm said in a statement: "BNP Paribas Real Estate can confirm that it is proposing to remove approximately 70 roles in the UK. The proposal is to restructure the business in order to continue to provide the best service to clients. The company will continue to invest in areas in which it can provide a sustainable service to meet the needs of its clients.

"This reorganisation is part of a strategy developed by the board of BNP Paribas Real Estate UK. It is not a decision made by the parent company, BNP Paribas, in the framework of its previously announced adaptation plan to the new regulatory environment."

The Manchester office, in the Aurora building on Princess Street, suffered a number of high-profile departures in 2011. Directors Sara-Jane Preston and Brendan O'Herlihy left to set up a new independent practice and rival Savills hired Phil Barmby as director in its building consultancy team.

No one at BNP Paribas was available for further details about the number or type of roles that may be made redundant in Manchester.

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Great start to 2012! Real shame if anyone on manchester is effected.