Housebuilding giant to halve regional operations as debt pressures mount
Housebuilding giant Vistry is pressing ahead with plans to halve its operating regions and cut jobs as it battles weak buyer demand and mounting pressure to reduce debt.
The group, which has a significant presence across the Midlands, is reducing its operating regions from 25 to 12 as part of a restructuring designed to cut costs by £50m in 2027. The company confirmed that the process of reducing headcount has begun, although it has not disclosed how many jobs are at risk. The new regional structu... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
