Over 100 jobs in the borough have been saved after the Lands Registry announced it will not be closing its Croydon office.

Last October the company announced the closure of five of its offices across the country resulting in a loss of 1,500 jobs.

The Croydon office employs about 150 people and is responsible for the land registration of eight London Boroughs.

In a complete turnaround the company today announced a number of changes to its original proposals.

Not only will the Croydon office remain open but the head office in central London will be sold and its staff will move to Croydon by March 31, 2011.

Andrew Pelling, Croydon Central MP, who campaigned against the closure, said: “This is an excellent result, the government listened to the arguments in favour of keeping the Croydon office open. It is cheaper to move the headquarters to Croydon.”

The revised programme means only two offices will be closed completely in 2011. The number of staff being made redundant will be reduced by a third.

As a result of office closures and voluntary redundancy, staff numbers will reduce to just over 5,000 by the end of 2011 and to about 4,200 by the end of 2014. The number of clerical staff performing operational roles will be reduced by 150 posts by 30 June 2011, rather than the 400 posts originally proposed.

Marco Pierleoni, Chief Land Registrar and Chief Executive said: "We have listened carefully to the views expressed during our consultation.

"The aim of the plans announced today is to bring certainty and financial stability as quickly as possible and to secure the future of Land Registry in these very difficult times.

"This is not back to business as usual but a critical part of a longer-term vision to enable Land Registry to respond to the changing needs of its customers.

"We will employ fewer people and occupy less estate as more of our work is delivered online and we will continue to create a comprehensive register and develop add-value services.

"In order to protect the integrity of the register and deliver our strategy, we will continue to invest in the skills of our workforce."