Vistry said to be offering voluntary redundancies, shares slide
Market news articles
www.investments.halifax.co.ukVistry Group's enhanced voluntary exit scheme targets employees below MD level to help cash preservation and debt reduction follows pause of the share buyback as first-half profits are expected to be notably lower than a year ago with an operational review due by 24 September The firm says the scheme may be the right outcome for employees and the business while it moves forward the goal centers on preserving cash and cutting debt Shares have fallen as details emerge about the scheme with management reviewing outlook and strategy The voluntary exit scheme could reduce headcount gradually and help maintain financial flexibility for the group
Market news articles
www.investments.halifax.co.ukSwathe of job cuts loom as staff offered route out as debt reduction becomes top priority
www.constructionenquirer.comHousebuilder launches voluntary exit scheme amid debt concerns
www.thebusinessdesk.comVistry Group voluntary redundancy has been opened to staff below managing director level as the housebuilder steps up efforts to preserve cash and cut debt. The company has written to eligible workers inviting them to apply for an enhanced voluntary exit scheme.Adam Daniels and Vistry GroupNew chief…
www.el-balad.comHousebuilder launches voluntary exit scheme amid debt concerns
www.thebusinessdesk.com