Login to UKBP
Commercial Property News
Persimmon to cut a 1000 jobs bringing sector total to 3200 in a week
House builder Persimmon will confirm tomorrow that it has made around 1,000 staff redundant, the Telegraph reported today, without citing sources.
The paper said this would bring the total number of job cuts announced in the sector over the past seven days to 3,200, with Taylor Wimpey and Barratt Developments also cutting staff.
Shares in Britain's housebuilders have plunged in recent weeks as home buyers have pulled out of the market amid tighter lending conditions by banks, an uncertain economic outlook and falling house prices.
Persimmon could not immediately be reached for comment.
The paper said this would bring the total number of job cuts announced in the sector over the past seven days to 3,200, with Taylor Wimpey and Barratt Developments also cutting staff.
Shares in Britain's housebuilders have plunged in recent weeks as home buyers have pulled out of the market amid tighter lending conditions by banks, an uncertain economic outlook and falling house prices.
Persimmon could not immediately be reached for comment.
Mon, 7th Jul 2008