A quick but significant update from today's London Assembly grilling of the LDA over budgets:
Peter Rogers, chief executive LDA, has just said the mayor's development and regeneration agency has began talks with staff today that will see its headcount reduced by 100.
He said that the talks had been driven by government notification that the agency needs to push through a 10% reduction in its administration budget in the year. Rogers said there would be around 50 compulsory redundancies.
He also said that with the RDAs being abolished the LDA's position "is by no means clear".
It's a pretty poor situation for the staff and for swathes of development land in London I think.
Leave a comment
What a user pic? Get a Gravatar!