The housebuilder introduced an enhanced voluntary exit scheme for staff below managing director level aimed at cash preservation and debt reduction occurs after the share buyback was paused as first-half profits are expected to be notably lower than a year ago and an operational review is scheduled for 24 September Vistry states the plan could be the right outcome for staff and the company as it continues forward primary aim remains cash preservation and debt reduction Shares have fallen as details emerge about the scheme with management reviewing outlook and strategy The program could trim staff gradually to help maintain the group's financial flexibility
Vistry Group voluntary redundancy has been opened to staff below managing director level as the housebuilder steps up efforts to preserve cash and cut debt. The company has written to eligible workers inviting them to apply for an enhanced voluntary exit scheme.Adam Daniels and Vistry GroupNew chief…
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