Page last updated at 14:04 GMT, Tuesday, 20 May 2008 15:04 UK

Taylor Wimpey to close 13 offices

Building site
The global housing slowdown has hit housebuilders

Building firm Taylor Wimpey plans to close 13 offices across the UK, a move the firm expects to cost 600 jobs.

The offices are in different parts of the UK and the 600 posts represent more than 10% of its 4,700 UK workforce.

Staff learned of the closures by e-mail on Monday. The closures are set to be completed by the end of September.

The firm said it was acting now to end "uncertainty" for staff. The move comes amid signs of a housing slowdown that has affected the building sector.

WIMPEY CLOSURES
George Wimpey North Scotland
Bryant West Scotland
George Wimpey North West
Bryant North Midlands
Bryant East Midlands
Bryant South Midlands
Bryant Anglia
George Wimpey South Wales
Bryant Peterborough
George Wimpey South West
Bryant London
Bryant Eastern
Bryant South East

Chief executive Peter Redfern said: "Our experience in the US and historically in the UK is that when housing markets slow, those that react most quickly and decisively become stronger businesses, and provide the most secure and positive environment for their continuing staff."

The latest move comes after the firm saw a significant writedown on assets in Spain and the US wipe out profits for 2007 .

The firm reported a pre-tax loss of 19.5m in 2007, against profits of 405.6m a year earlier.


SEE ALSO
Overseas woes hit Taylor Wimpey
06 Mar 08 |  Business
Homebuilder sees 'subdued' market
31 Jul 07 |  Business
Wimpey and Woodrow agree to merge
26 Mar 07 |  Business
Building firm enjoys housing boom
10 Jan 07 |  West Midlands

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