Vistry Group's enhanced voluntary exit scheme targets employees below MD level to help cash preservation and debt reduction occurs after the share buyback was paused as first-half profits are expected to be notably lower than a year ago and an operational review is scheduled for 24 September The firm says the scheme may be the right outcome for employees and the business while it moves forward the goal centers on preserving cash and cutting debt Market context notes shares slide amid updates while management reviews options and outlook The voluntary exit scheme could reduce headcount 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.ukHousebuilder 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
www.constructionenquirer.comHousebuilder launches voluntary exit scheme amid debt concerns
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