Vistry offers staff redundancy deals as cash squeeze intensifies | TheBusinessDesk.com
Housebuilder launches voluntary exit scheme amid debt concerns
www.thebusinessdesk.comAn enhanced voluntary exit program for non-managing-director staff was launched by Vistry Group to preserve cash and reduce debt 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 Vistry states the plan could be the right outcome for staff and the company as it moves forward primary aim remains cash preservation and debt reduction Shares have fallen as details emerge about the scheme with management reviewing outlook and strategy The voluntary exit scheme could reduce headcount gradually to preserve financial flexibility for Vistry Group
Housebuilder launches voluntary exit scheme amid debt concerns
www.thebusinessdesk.comMarket news articles
www.investments.halifax.co.ukVistry 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.comSwathe of job cuts loom as staff offered route out as debt reduction becomes top priority
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