JLL plans redundancies

Jones Lang LaSalle has started consultation with staff across the UK over an unspecified number of redundancies.

In a brief statement on Tuesday, JLL, which acquired rival King Sturge earlier this year, said: "Jones Lang LaSalle confirms that in light of the current financial and economic climate, it has taken the extremely difficult but necessary decision to make a limited number of redundancies affecting employees in our UK business. Where possible, the firm will seek redeployment opportunities for staff within both the UK and international businesses and will provide the necessary support to those affected during this period of change. As a business, we will continue to monitor market conditions and manage our costs accordingly so that we enter 2012 in robust health."

JLL employs 145 people in One Piccadilly Gardens, Manchester and 10 in Castle Street, Liverpool. The number of staff, if any, going from these offices was not disclosed.

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Really. Wow!!

By Shocked

No doubt the usual suspects will be feathering their own nests without a thought of their existing or potential clients.

By onlooker

Funny how so many millions got allocated to certain equity partners and seniors,they still have their jobs but the real cogs of the machinery have to be subjected to unwanted stress just before Christmas…What does JLL stand for? Job Less Losers!

By Man Of The People

It leaves a bitter taste in the mouth to think how the equity partners are expecting all the staff to remain committed and loyal through this process. Clearly this is the first of a few more rounds of redundancies. JLL staff brace yourself for a torrid 12 months!

By comms

JLL buy king sturge then sack everyone? What’s the point of that?

By SPEEDY

Feel really sorry for those King Sturge staff that are suplus to requirements. Sold down the river. No doubt their clients will vote with their feet.

By PR

King Sturge staff sold down the river….. i think you will find the opposite is true.

By PG Tip

JLL INTERNAL COMMUNICATIONS: EMPLOYEE NUMBER 35783 HOW DARE YOU SPEAK OUT OF TURN. YOU WILL EARN MORE AND MORE FEES UNTIL YOU ARE AT LEAST 65 OR WE WILL REMOVE YOU FROM THE SYSTEM AND CONFISCATE YOUR FIRST BORN CHILD. THOU SHALT NOT INTERFERE WITH SHAREHOLDER VALUE. SHAREHOLDER IS GOD. YOU MUST OBEY. LOYALTY WILL ALWAYS BE MEASURED BY POSITIVE BASE POINT MOVEMENTS ON THE STOCK MARKET. EMPLOYEE 35783: FITTER, HAPPIER, MORE PRODUCTIVE, STILL DEMONSTRATING SHAREHOLDER VALUE, LOOKING FORWARD TO RETIREMENT IN 2050 SO I CAN REFLECT UPON MY WORTHWHILE EXISTENCE AFFORDED BY THE GLORIOUS CONCEPT OF PENSIONS. GOD BLESS THE SHAREHOLDERS. GOD BLESS CORPORATE PHILOSOPHY.

By ROBOT EXISTENCE

Not sure those being made redundant are feeling "better together."

By PR

Is the new JLL slogan “Bitter Together”?

By Percy

Robot Existence – Genius

By Paul

Looks like the reverse takeover is complete. Most of the old JLL team heads nailed to a cross whilst the old King Sturge heads pocket the millions and still call the shots. A masterclass in ‘power-broking’.

By Hoolie

Anyone know who has been let go?

By kelly

…What happened to One team one culture…Suppose there will be no Christmas Party no Bonus or Pay rise……

By Man Of The People

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