This comes as technical manager Katie Tucker left the broker yesterday.
Money Marketing revealed yesterday that the broker was in negotiations with chief executive officer Ian Kennedy over his future role at the firm. A decision has not yet been made.
A John Charcol spokesman says it has not made a final decision on how many jobs will be cut as a result of the firm’s restructuring. The broker currently has between 260 to 270 staff across the UK.
He says: “In terms of our numbers we are set up for this time last year. Obviously the market is now a lot tougher and we have to make sure we are in the right position. We have to make some tough decisions.”
The spokesman says its Birmingham branch was closed last Friday and it is currently in negotiations with the three staff at that branch.
“The Birmingham branch was not performing well for us over the last few years. We’ve been looking at it for the last six months so it wasn’t just to do with market conditions.”