The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial / Insurance/ Estate 68 - Real estate activities 68 - Real estate activities on a fee or contract basis 68.3 - 68 - Real estate activities on a fee or contract basis
200 jobs Number of planned job losses
Announcement Date
9 September 2020
Employment effect (start)
Foreseen end date
Description
JLL (Jones Lang LaSalle Incorporated), the US-based global real estate services firm, has confirmed that it had started redundancy consultations as it plans to cut 200 jobs in its offices across the UK.
A statement by the company said the COVID-19 pandemic had exacerbated changes in the real estate sector and JLL was reviewing its operations 'in line with market conditions and client needs'.
JLL invests in industrial, commercial and residential real estate and works with clients across a wide range of industries from banking to manufacturing and technology. The company employs over 2,500 people in its 24 offices in the UK.
Eurofound (2020), JLL, Internal restructuring in United Kingdom, factsheet number 102105, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102105.
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