An enhanced voluntary exit program for non-managing-director staff was launched by Vistry Group to preserve cash and reduce debt follows pause of the share buyback as first-half profits are expected to be notably lower than a year ago as an operational review is due by 24 September The company says the scheme could be the right outcome for individuals and the business while it moves forward primary aim remains cash preservation and debt reduction Market context notes shares slide amid updates with management reviewing outlook and strategy The scheme may lead to gradual headcount reduction to help maintain the group's financial flexibility
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.comHousebuilder 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
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