Tue 3 Jun 2008
Mass redundancies loom at Persimmon
Persimmon is set to make “several hundred” staff members redundant, but will not be closing any regional offices, it has announced.This follows the firm’s announcement in April that it would not be starting work on new sites until the housing market improved.
A spokeswoman for the firm told the press that a month-long consultation process has started with staff in each of the firm’s regional branches, which aims to find ways of cutting staff costs. She stipulated that at a “very vague estimate”, several hundred staff members will leave, but no decision has been made yet on final numbers.
Persimmon joins Taylor Wimpey, Crest Nicholson and Bellway in cutting jobs in an effort to combat the credit crunch.
Shares in the firm fell yesterday by 3% to 467.25p when the news was announced.
Posted by Marc Da-Silva
in Bellway, Crest Nicholson, News, Persimmon Homes, Taylor Wimpey on Tue 3 Jun 2008
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