Latest News About Vistry voluntary redundancy program

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 and an expectation that first-half profits will be significantly lower than last year with an operational review due by 24 September Vistry states the plan could be the right outcome for staff and the company as it continues forward its primary aim continues to preserve cash and reduce debt Shares have fallen as details emerge about the scheme as management reviews options and outlook The scheme may lead to gradual headcount reduction to help maintain the group's financial flexibility