Vistry Group's enhanced voluntary exit scheme targets employees below MD level to help cash preservation and debt reduction follows pause of the share buyback with first-half profits forecast to be much lower than the previous year and an operational review is scheduled for 24 September Vistry states the plan could be the right outcome for staff and the company while it moves forward its primary aim continues to preserve cash and reduce debt Shares have fallen as details emerge about the scheme while management reviews options and outlook The program could trim staff gradually to preserve financial flexibility for Vistry Group
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…
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www.investments.halifax.co.ukSwathe of job cuts loom as staff offered route out as debt reduction becomes top priority
www.constructionenquirer.comHousebuilder launches voluntary exit scheme amid debt concerns
www.thebusinessdesk.comHousebuilder launches voluntary exit scheme amid debt concerns
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