More jobs to go at Land Registry
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The Land Registry announced plans to axe a further 800 jobs
today as the struggling housing market forces the organisation to
cut costs.
The organisation already aims to cut around 1,500 jobs to 5,000 by
the end of 2011 but said staff would fall further to 4,200 in the
three years to 2014 through voluntary redundancies.
The Land Registry however saved 500 staff from compulsory
redundancy after rowing back on its previously announced programme
of office closures.
It originally intended to close five offices but bases in
Peterborough and Croydon, south London, will now remain open.
The number of clerical staff performing operational roles will be
cut by 150 posts by June next year, fewer than the 400 posts
originally proposed.
The Land Registry however stuck by plans to close offices in
Stevenage and Tunbridge Wells by June 2011. Its Portsmouth office
will relocate to the city council's offices before shutting in
2013.
It also confirmed plans to outsource operations including IT
support and facilities management, as well as selling off or
renting out unused buildings.
The Land Registry - established in 1862 - charges fees to register
property ownership but was hit by the sharp fall-off in
transactions caused by the credit crunch and recession.
Chief land registrar and chief executive Marco Pierleoni said it
had "listened carefully" to the views expressed in the
consultation.
He said: "The aim of the plans announced today is to bring
certainty and financial stability as quickly as possible and to
secure the future of the Land Registry in these very difficult
times."
The organisation currently has 17 offices and one sub-office in
England and Wales, a London-based headquarters and an office in
Plymouth responsible for IT systems. The central London
headquarters will be sold with staff moving to Croydon.
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