The Enquirer understands that staff were told Friday afternoon that jobs were at risk and a consultation process would start immediately.

Around 54 jobs are understood to be under threat among the company’s 900 staff.

Tomás Neeson, Managing Director, Cundall said: “Covid-19 has created significant impacts upon our lives and the economy as a whole.

“Like many organisations, we are continually reviewing the long-term impact of the pandemic and the emerging effects on the global economy for our business, to ensure the long-term stability of Cundall.

“We have done everything we can to keep our people safe and protect jobs, including utilising the government furlough scheme, and reducing working hours in locations to match the current workloads, as our clients and markets deal with the same disruption to their operations.

“As part of this planning we have identified that up to 6% of the roles in Cundall in the UK might be at risk of redundancy and have now commenced a redundancy consultation period with individual members of our staff.

“We retain strong markets and opportunities in noted sectors throughout our global business, and we will be working hard to avoid potential redundancies and find new roles for those at risk wherever possible.”

Consultant RLB confirmed job cuts of 6% affecting up to 45 staff last week while Gardiner & Theobald is cutting 7% of staff.