Hammerson is poised to take the axe to its workforce as chief executive Rita-Rose Gagné attempts to cut costs at the beleaguered shopping centre owner.
All 250 staff working at Hammerson’s head office in London’s King’s Cross and at its Reading office have been placed in a consultation exercise. Up to 40 roles across a variety of functions are understood to be at risk.
Hammerson, which paid its 538 staff £48.9m last year, has long been regarded in the property industry as a top-heavy organisation.
Gagné announced her intention in August to slash Hammerson’s costs by between 15% and 20% by 2023.
Mark Bourgeois, who had served as Hammerson’s UK and Ireland managing director for four years, confirmed last week that he would be leaving the company in the coming weeks. His responsibilities will be split between Harry Badham and Grégoire Peureux, both brought in by Gagné over the past year.
