Thursday, July 3, 2008
After Taylor Wimpey cuts 900 jobs yesterday
Barratt Developments Plc, the U.K.'s worst-performing homebuilder this year, plans to cut about 1,000 jobs as it closes and merges divisions. Barratt will close two divisions and a further eight will be merged into four, company spokesman Dan Bridgett said in a telephone interview today. The reduction may affect 1,000 jobs, a person familiar with the plan said. Bridgett declined to confirm the number of job cuts when asked by Bloomberg News. ``We are taking decisions that ensure our overheads are in line with market conditions,'' said Bridgett. The company is in ``full consultation'' with workers and the move will leave Barratt with 26 remaining divisions, he said.