Redrow - here's the body of the article17 Jul 2023 21:43
Redrow, which has seen profits slip in recent months, told some of its staff in a virtual conference call that their jobs were at risk
LBC has been passed emails and documents confirming, from the firm's chief executive, that they plan to close the Crawley and Thames Valley offices. The Crawley office is the company's base for Southern England.
The memo, sent to all staff, and leaked to LBC, said the current economic climate was having a negative impact on the homebuilding industry, and that as a result, the company was having to limit its investment in land.
The firm is one of the largest housebuilders in the UK employing more than 2,000 people across 14 sites. One employee told LBC at least 100 people were at risk of losing their jobs.
In a statement, confirming the proposal, Redrow said its current developments were unaffected, and that only a small number of staff would be made redundant.