GPT Group
(ASX:GPT) is expected to announce job cuts today along with its half year results, according to media reports.
The job losses follow Stockland
(ASX:SGP) and Dexus Property Group
(ASX:DXS) who issued more than 60 redundancies collectively earlier this year.
The property trust has recently said it was focused on improving efficiencies to cut costs and pointed to reducing its staff.
The group currently employs a workforce of over 400 people.
In its 2011 financial year, GPT generated a net profit of $246.2 Million.
