Tuesday, July 8, 2008
Oh… My… God
Housebuilder Persimmon is laying off 2,000 staff - 40% of its workforce - after a slump in sales, and warned that conditions in the housing market remain tough. The job cuts bring the combined job losses in the housebuilding sector to more than 4,000. Last week Barratt laid off 1,000 staff from its 6,500-strong workforce and closed six offices, while Taylor Wimpey, the biggest housebuilder by volume, axed 900. The expected job losses from Persimmon had been 1000.