Vistry launches voluntary exit scheme for staff
Swathe of job cuts loom as staff offered route out as debt reduction becomes top priority
www.constructionenquirer.comVistry Group's enhanced voluntary exit scheme targets employees below MD level to help cash preservation and debt reduction follows pause of the share buyback as first-half profits are expected to be notably lower than a year ago with an operational review due by 24 September The company says the scheme could be the right outcome for individuals and the business while it moves forward its primary aim continues to preserve cash and reduce debt Market context notes shares slide amid updates while management reviews options and outlook The scheme may lead to gradual headcount reduction and help maintain financial flexibility for the group