Countrywide is declining to comment on speculation that it is making 36 of its sales progression staff redundant.
Estate Agent Today, which received a tip off on the alleged redundancies, put the issue to Countrywide on Monday afternoon: in the intervening time there has been no response to our request for a comment.
In recent months there have been closures and redundancies in Countrywide’s branch network; at least the Stratton Creber, King & Chasemore and Taylors brands have been hit, and possibly many more. In addition, some branches have been put into a sale-and-leaseback programme.
The company, which recently reported a pre-tax loss for 2018 of £251m, has chosen not to go down the route taken by LSL Property Services, Foxtons and other companies in announcing some details of its branch closure programme to the public.
As a result, rumours continue to circulate about possible additional branch closures and redundancies.
The company’s share price closed yesterday at 3.76p - four years ago, in May 2015, it reached an all-time high of 599p.
Countrywide, in response to previous questions about branch closures, has said in recent weeks: “As a responsible business we must constantly assess our branch footprint, the customers they serve and their profitability. Based on that insight, there will be times when we make the difficult decision to close a branch. Wherever possible, we will seek to redeploy the teams and deliver for our customers from an alternative Countrywide branch.”
Meanwhile as Countrywide chose not to comment about redundancies, it did choose last evening to announce a new member of its board - Lisa Charles-Jones will be a non-exec director from June 26.
She was previously a director of Reeds Rains Limited and Your Move having worked for LSL Property Services for 13 years until 2016, including for the last ten years as Group HR Director.
Commenting on the appointment, Countrywide’s executive chairman Peter Long says: "Lisa brings valuable experience within the property sector and will be the non-executive director employee Engagement Lead within the Countrywide plc board".