JLL

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
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
Job loss
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.

Sources

Citation

Eurofound (2020), JLL, Internal restructuring in United Kingdom, factsheet number 102105, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102105.