Friday, Mar 30, 2007
Very interesting - Industry re-positioning itself...
Reuters: Gleeson downsizes with property sell-off
British construction company M.J. Gleeson Group Plc (GLE.L: Quote, Profile , Research), having trimmed 80 percent of its workforce, said on Friday it will exit the commercial property business in its efforts to remake itself.
He said it was a good time to exit commercial property, as the company believed the market had peaked and it has about 30 million pounds in developments to sell to investors.
Posted by tyrellcorporation @ 01:09 PM (175 views) Add Comment
1 Comment
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1. dohousescrashinthewoods said...
A company is leaving its own market?
Builders first, consumers second.