Taylor Wimpey set to cut 900 jobs

Lotus-eater

Housebuilder Taylor Wimpey has said it is to close a third of its 39 offices, with the loss of 900 jobs, as it seeks to cope with the housing downturn.



http://news.bbc.co.uk/1/hi/business/7484689.stm

That'll be those green shoots coming up on the undeveloped land then?

adr0ck

is this in addition to the 13 office closures already announced in May?

or is this simply old news?

in reference to the last bit about Barratt at the bottom of the article

Barratt have now refinanced

adr0ck

these were the closures announced in May

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

Which ones have been closed now Lotus?

Lotus-eater

Oh, I think its old news, sorry!

It was on the BBC radio news this morning and its a new item on their website? And I never heard it the first time...etc

tradetime

adr0ck wrote: »

is this in addition to the 13 office closures already announced in May?

or is this simply old news?

in reference to the last bit about Barratt at the bottom of the article

Barratt have now refinanced

I think since 39 is bigger than 13 it's possibly new news, it may well include the previous 13.. The main news regarding the company is that it has abondoned plans for a rights issue. Also given the stock is dow 58% this morning I think the market sees it as new.

adr0ck

tradetime wrote: »

I think since 39 is bigger than 13 it's possibly new news, it may well include the previous 13.. The main news regarding the company is that it has abondoned plans for a rights issue. Also given the stock is dow 58% this morning I think the market sees it as new.

so they will only be left with 13 offices?

they have probably abandoned the rights issue as they are probably now going for refinance following Barratts success

its grim out there for a lot of housebuilders

honeypop

tradetime wrote: »

I think since 39 is bigger than 13 it's possibly new news, it may well include the previous 13.. The main news regarding the company is that it has abondoned plans for a rights issue. Also given the stock is dow 58% this morning I think the market sees it as new.

It says a THIRD of it's 39 offices, that does equal 13. It's the same 13 that was announced in May, so old news (about the closures anyway). Maybe it's reported now again as next week is the week they are closing down those branches.

BTLNEWbie_3

Lotus-eater wrote: »

Oh, I think its old news, sorry!

It was on the BBC radio news this morning and its a new item on their website? And I never heard it the first time...etc

Still clutching at straws then.:rotfl:

tradetime

honeypop wrote: »

It says a THIRD of it's 39 offices, that does equal 13. It's the same 13 that was announced in May, so old news (about the closures anyway). Maybe it's reported now again as next week is the week they are closing down those branches.

My appologies adr0ck! honeypop, yes I see that, you are quite correct, I suspect it is the same news as previously released, the main news regarding the company is the failure to secure finance.

mizzbiz

BTLNEWbie wrote: »

Still clutching at straws then.:rotfl:

I bet you are!

Good luck

Lotus-eater

BTLNEWbie wrote: »

Still clutching at straws then.:rotfl:

You are such a knob, I don't think I've seen one thing you have written, that is useful.

I've even just seen Pickles has written something useful on another thread, it did make me fall off the bar stool though..... and spill me pint.