CBRE axes Liverpool heavyweight Hennessy

Chris Hennessy, director of office agency at CB Richard Ellis in Liverpool, has been made redundant as part of the global giant's ongoing cost-cutting programme.

Hennessy left the business this week along with one other member of staff on the administrative side.

The Liverpool office agency team now comprises Mark Worthington, Tim Garnett and Nick Rice, all of whom are relatively new to the firm. Worthington and Rice joined with the takeover of local independent Irving Rice. Garnett joined in January from Matthews & Goodman.

CBRE has also made a similarly small number of Manchester staff redundant. The North West business employs around 100 people, split two-thirds Manchester and the remainder in Liverpool.

A statement from CBRE issued this week said: "In light of the difficult financial climate, CB Richard Ellis has taken the regrettable but necessary decision to consult with employees about proposals to make 50-70 redundancies in the UK. These redundancies, which represent 3-4% of its UK team, are part of a broader strategic review to ensure the company's resources are aligned with changing market conditions. Where feasible, the company will make every effort to identify suitable redeployment opportunities for affected staff across business lines and geographies.

"Despite this, the diverse nature of CB Richard Ellis' service and geographic offering means the company remains broadly based and well positioned to continue to advise clients in this turbulent market."

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