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08/07/2008
Builder Axes 1,100 Jobs
Persimmon, the UK's largest house builder by market value, has announced over 1,000 job cuts as it reported an update on its current trading performance.
A statement from the construction group said: "We commenced this further restructuring of our business in May and it is almost complete. It will result in the loss of 1,100 salaried staff in total."
It said the first six months of this year had been the most challenging in its recent history.
In the six months to June 30, completions were down 31% to 5,501 at an average selling price of around £181,500, a severe drop down on the £189,255 achieved before.
It reported that margins fell to 14% for the first half of this year compared with 20.8% over the same period in 2007.
Last week, Barratt Developments cut 15% of its employees, Taylor Wimpey laid off 900 staff and Galliford Try were also were forced to axe 260 jobs.
(CD/JM)
A statement from the construction group said: "We commenced this further restructuring of our business in May and it is almost complete. It will result in the loss of 1,100 salaried staff in total."
It said the first six months of this year had been the most challenging in its recent history.
In the six months to June 30, completions were down 31% to 5,501 at an average selling price of around £181,500, a severe drop down on the £189,255 achieved before.
It reported that margins fell to 14% for the first half of this year compared with 20.8% over the same period in 2007.
Last week, Barratt Developments cut 15% of its employees, Taylor Wimpey laid off 900 staff and Galliford Try were also were forced to axe 260 jobs.
(CD/JM)
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02 July 2008
North West Job Prospects In Focus
Sligo and Leitrim business and employment matters are in the news this week with the newly elected Cathaoirleach of Sligo, Jude Devins remaining upbeat in the face of a national downturn in trade and business prospects - while others warn that action is needed to defeat increasing unemployment levels.
North West Job Prospects In Focus
Sligo and Leitrim business and employment matters are in the news this week with the newly elected Cathaoirleach of Sligo, Jude Devins remaining upbeat in the face of a national downturn in trade and business prospects - while others warn that action is needed to defeat increasing unemployment levels.
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Northern Ireland WeatherThis Evening and Tonight:Still a few wintry showers in the north and down North Channel coasts, otherwise dry with some clear intervals and perhaps the odd fog patch in the south. Minimum temperature -5 °C.
