Housebuilder Persimmon will make ‘several hundred’ redundancies as it copes with the impact of the housing downturn.
The listed company said it has started a month-long consultation to determine how many staff would have to lose their jobs.
‘The situation is that we are in a consultation process,’ said a spokesman for the company. ‘By the end of that there will be several hundred redundancies.’
The Yorkshire-based company, which has more than 4,500 employees, said it would not be closing any of its regional offices but would be cutting the number of staff in response to a fall in demand for homes.
Challenging market conditions
‘We are reducing the work force in light of the challenging market conditions and reduced demand,’ the spokesman said.
The news follows 600 redundancies last month by Taylor Wimpey, 30 by David McLean and 80 by Crest Nicholson.