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A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Foster + Partners to Lay Off 300

Monday 16 February 2009

Foster + Partners, the architecture firm famous for the pickle shaped \"Gherkin\" tower in London, plans to lay off 300 employees, reducing its staff by nearly one-quarter, according to a story last week in the Wall Street Journal. It\'s the latest sign in the world-wide slowdown in construction and the scaling back of architectural dreams.
Lord Foster is among the world\'s best known architects. His works also include the Reichstag in Berlin and the newly opened Beijing airport.

The firm, based in London, has seen projects cancelled or delayed in dozens of countries. A massive 118-story tower in Moscow, which would have been Europe\'s tallest skyscraper, was cancelled in late 2008. A skyscraper at the site of the World Trade Center in New York has been delayed. A proposed tower in St. Petersburg for energy giant Gazprom has been stymied by financing issues.

The firms layoffs will include closing offices in Berlin and Istanbul. In a statement, chief executive Mouzhan Majidi said: \"A number of our international clients have fallen victim to the current economic climate and as a result some of their projects have been delayed or cancelled.\"

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