The United Kingdom-based Crown Agents international development company is shedding jobs in response to financial problems but has rejected a claim made by a former leader of its United States arm that it is pulling out of Ethiopia and Zambia.
The not-for-profit firm, with offices in 20 countries and a colorful history dating back to the 18th century, has announced a “restructuring” that will involve “reducing our headcount, particularly in our London HQ office.”
It is currently consulting on compulsory layoffs that are expected to lead to the loss of 8% of London posts. The company declined to say how many staff it currently employs in the U.K. capital.