Consultant RLB to cut up to 6% of workforce
Consultant Rider Levett Bucknall is to cut up to 6% of its workforce in response to the covid-19 pandemic.
Around 45 jobs are expected to be affected by the move at the firm, which has around 750 employees.
Andrew Reynolds, chief executive of the privately owned firm, said the management would work to avoid redundancies wherever possible.
Reynolds said: “The effects of covid-19 continue to have an ongoing impact on our lives and the economy as a whole. Like many organisations, we are reviewing the long-term impact of the pandemic on our business, especially in light of the Bank of England recent forecast, to ensure the long-term stability of RLB in the UK.
“As part of this we have identified that up to 6% of the roles at RLB UK might be at risk of redundancy and have now commenced a redundancy consultation period with individual members of our staff. We will be working hard to avoid potential redundancies wherever this is possible.”
Until the pandemic hit, RLB had been targeting significant growth, with the aim of reaching a turnover of £150m over the next 10 years. Profit at the firm more than doubled for the year to 30 April 2019, at £7.3m, while turnover rose to £81.7m, from £58.7m the year before.