Aedas lets 20 go from Hong Kong office
AJ100 big hitter Aedas has laid off 20 staff from its Hong Kong office following a ‘restructuring exercise’
The move comes just eight months after the practice took on 35 workers from RMJM’s Hong Kong outpost including the studio’s entire research and development team (AJ 09.03.2011).
David Roberts, chief executive of Aedas, told the AJ the recent reorganisation had been carried out ‘in response to the needs and workload of the Hong Kong, China and Asia markets’.
He said: ‘It is regrettable that this has involved some redundancies but the management has done its best to keep these to a minimum and that the business is in the best possible shape for 2012 and beyond.”
Aedas’ Hong Kong office still has 750 staff and has seen its annual revenues ‘increase four-fold’ since 2009.
It is understood the redundancies will not affect the practice’s plans to further expand into China.
A spokesman said: ‘Having established our market position in Shanghai and Beijing and the future strategy rests on replicating the same model in the second and third tier cities. [The practice] has recently been instructed on a wide range of high profile projects in the past year, including West Kowloon Terminus in Hong Kong and and Lucasfilm HQ in Singapore.’