Vistry offers staff redundancy deals as cash squeeze intensifies | TheBusinessDesk.com
Housebuilder launches voluntary exit scheme amid debt concerns
www.thebusinessdesk.comVistry 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 with first-half profits forecast to be much lower than the previous year 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 primary aim remains cash preservation and debt reduction Shares have fallen as details emerge about the scheme as management reviews options and outlook The program could trim staff gradually and help maintain financial flexibility for the group
Housebuilder launches voluntary exit scheme amid debt concerns
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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…
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