Persimmon cuts 1,000 jobs
LONDON (Reuters) - House builder Persimmon (PSN.L) will confirm on Tuesday that it has made around 1,000 staff redundant, the Telegraph reported on Monday, without citing sources.
The paper said this would bring the total number of job cuts announced in the sector over the past seven days to 3,200, with Taylor Wimpey (TW.L) and Barratt Developments (BDEV.L) also cutting staff.
Shares in Britain's housebuilders have plunged in recent weeks as home buyers have pulled out of the market amid tighter lending conditions by banks, an uncertain economic outlook and falling house prices.
Persimmon could not immediately be reached for comment.
(Reporting by Mark Potter; Editing by Quentin Bryar)
© Thomson Reuters 2009 All rights reserved.
Can I have one for Christmas?
The hottest toy in the U.S. this Christmas is an interactive hamster. It does not come from one of the major toy brands or from a movie but a small, seven-year-old company from Missouri. Full Coverage
UK
US
Dubai debt problems shock