Friday, March 30, 2007

Very interesting – Industry re-positioning itself…

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 (555 views)
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One thought on “Very interesting – Industry re-positioning itself…

  • dohousescrashinthewoods says:

    A company is leaving its own market?

    Builders first, consumers second.

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