Friday, October 24, 2008

Finally, some good news …

Property slump claims 20% of Rightmove staff

Rightmove, Britain's biggest property website, announced a 20% cut in staff numbers yesterday as it warned the housing slump would last well into next year. The move, part of the portal's plans to cut costs by £5m, came as the British Bankers' Association (BBA) revealed that UK mortgage approvals in September were 57% down on the same month last year. About 60 of Rightmove's 300 staff face redundancy as the company scales back its overseas business in response to dwindling demand.

Posted by musn't grumble @ 02:27 PM (593 views)
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3 thoughts on “Finally, some good news …

  • Woo hoo! For god sake please lets not have a list of reasons why none or us will survive the next six months to buy the house at a price we have all been waiting for!

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  • Still-waiting says:

    60 people lose their jobs. Not really good news is it.

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  • I’m not sure why you have a grudge against rightmove. As I understand it, they are not property sellers like EAs – they just advertise stuff. Their website seems pretty good to me.

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