PropertyEU

Savills to cut staff as first-half profits slump

By A staff reporter 2008-08-29T00:00:00

Property adviser Savills said on Thursday that it will seek to realise cost savings of £20 mln (EUR25 mln) in 2008 as pre-tax profits and revenues for the first six months of the year slid mainly as a result of the market downturn in the UK and Europe.

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