Vistry Group's enhanced voluntary exit scheme targets employees below MD level to help cash preservation and debt reduction occurs after the share buyback was paused and an expectation that first-half profits will be significantly lower than last year with an operational review due by 24 September The firm says the scheme may be the right outcome for employees and the business as it moves forward its primary aim continues to preserve cash and reduce debt Market updates show shares sliding as news emerges as management reviews options and outlook The scheme may lead to gradual headcount reduction to help maintain the group's financial flexibility
Vistry 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.comSwathe of job cuts loom as staff offered route out as debt reduction becomes top priority
www.constructionenquirer.comMarket news articles
www.investments.halifax.co.ukHousebuilder launches voluntary exit scheme amid debt concerns
www.thebusinessdesk.comHousebuilder launches voluntary exit scheme amid debt concerns
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