OREANDA-NEWS  On 14 November Cushman & Wakefield Stiles & Riabokobylko (C&W/S&R), the Russian office of the world’s largest privately held global real estate services firm, confirmed that it had made selected staff reductions in its Moscow office. Approximately 30 positions will be affected out of a total head count of 270 staff.

Sergey Riabokobylko, Partner, Senior Executive Director, C&W/S&R said: “Whilst regrettable, this action is necessary to ensure we align our resources with changing market conditions.  This is part of a broader strategic review to maintain our competitive market position and to allow us to focus on areas of profitable growth and opportunity”.

He added: “As a private firm, with low levels of debt, this initiative will enable us to maintain the strongest, most effective service platform in a rapidly changing economy, to capitalize on opportunities and to continue to provide the highest level of service to our clients”