Vistry has warned that more layoffs are expected as the housebuilder aims for an <a s regional divisions from 25 down to 12 and exiting the private home sales market in the South East entirely.
Although Vistry has not disclosed the precise number of roles affected within its 4,150-person workforce, the reorganization will lead to further job losses and the shuttering of various sites.
Since this summer, roughly 350 staff members have already left the company, a move partly spurred by a voluntary redundancy program that secured £25 million in savings earlier this year.
The new effort to cut expenses follows a pre-tax loss of £661.3 million reported for the six months ending June 30. This sharp downturn follows a £475 million write-down and a further £73.2 million <a Having posted a hefty first-half loss, the company has lowered full-year profit expectations as it plans to substantially downsize the <a
