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 comes after a pause in the share buyback and an expectation that first-half profits will be significantly lower than last year with an operational review due by 24 September The company says the scheme could be the right outcome for individuals and the business while it moves forward primary aim remains cash preservation and debt reduction Market context notes shares slide amid updates while management reviews options and outlook The voluntary exit scheme could reduce headcount gradually to help maintain the group's financial flexibility
Market news articles
www.investments.halifax.co.ukHousebuilder launches voluntary exit scheme amid debt concerns
www.thebusinessdesk.comHousebuilder launches voluntary exit scheme amid debt concerns
www.thebusinessdesk.comSwathe of job cuts loom as staff offered route out as debt reduction becomes top priority
www.constructionenquirer.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.com