A major housebuilder has revealed plans for staff redundancies amid the “potential closure” of two regional divisions.
Bellway is consulting on proposals to shut down its operating divisions in London Partnerships and the South Midlands.
Up to 90 of its workforce could be made redundant, according to Sky News.
But Bellway said the true number of staff impacted is “a small percentage” of its overall workforce of 3,000 people.
A “reduction in capacity” in a third division in Durham is also planned.
The move, by one of the country’s largest housebuilders, is in response to “a slowdown in the sales market and a reduced output for house building”.
The current slump in sales and housebuilding forced the company to “make some structural changes” across its business.
“This includes the potential closure of two of our operating divisions, with sites being transferred to other divisions, a reduction in capacity in a third division and a limited number of role reductions across the business,” said Bellway.
The process is understood to be already underway.
The news follows similar announcements by other major housebuilders in recent months amid high interest rates and a slowdown in demand for new homes.
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