Allsop has furloughed roughly a third of staff in the UK as the coronavirus pandemic continues to limit agencies’ ability to do business.
The firm furloughed roughly 80 members of staff last week, including most of its support staff as well as junior surveyors.
As part of a drive to protect jobs during the pandemic, the government will pay 80% of wages for furloughed staff, up to a monthly cap of £2,500.
Allsop is topping up the remaining 20% for its own furloughed staff.
The firm is also considering temporary pay reductions for staff including equity partners during the Covid-19 crisis.
Several property firms have decided to cut back their workforces through furloughs, pay cuts or redundancies, with firms including Knight Frank, Savills, CBRE, Colliers International and Lunson Mitchenall all making similar moves.
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