Practice makes redundancies after announcing hike in pre-tax profits
Global giant RMJM has told the AJ it is to make 60 staff redundant across its European offices, just weeks after announcing that its pre-tax profits for 2008 had nearly doubled to £7.9 million.
The Edinburgh-based practice, ranked fifteenth in last year’s AJ100 list of Britain’s biggest practices, also said it had asked its workforce, which rose to more than a thousand people worldwide last year, to accept a ‘voluntary’ 10 per cent pay cut.
It is understood that most jobs will be shed from RMJM’s Edinburgh and Glasgow offices, with the practice blaming the loss on the slowdown of a number of projects, including two delayed Learning and Skills Council schemes (AJ 19.03.09).
Chief executive Peter Morrison said: ‘RMJM is having to reduce staff numbers to provide some level of protection against the negative impacts of the recession.
‘It is hugely regrettable, but unfortunately unavoidable,’ added Morrison.