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Taylor Wimpey set to cut 900 jobs
Comments
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Not looking good for TW at all, Dresdner just released a note stating:
Plenty more detail at the ft.there is a very real danger that Britain’s biggest housebuilder by volume faces collapse"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
It looks like their shares went down 50% (!!!!) down today already.Spring into Spring 2015 - 0.7/12lb0
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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.
no need to apologise
seems that they originally announced 13 office closures with 600 job losses
and its actually been 13 office closures with 900 job losses
as you say main news seems to be the finance0 -
Yeh my mate who is a quantity surveyor has been laid off, quite a few others that he knew had also had the same happen.
His last day is this Friday, fortunately for him he's using this as the kick up the !!!! to take a move to Canada to live with his dad and work out there for a bit!0 -
Yeh my mate who is a quantity surveyor has been laid off, quite a few others that he knew had also had the same happen.
His last day is this Friday, fortunately for him he's using this as the kick up the !!!! to take a move to Canada to live with his dad and work out there for a bit!
Good for him. As I expected, people will move to where the work is if necessary. There is no divine right for a continuous construction boom in the UK.
I'll employ some of the other builders to build me the house of my specification when building land prices crash and deflation properly sets in. The build quality is usually a lot better in a recession/depression than in the rush of the boom.0 -
That really looks rather grim indeed.Not looking good for TW at all, Dresdner just released a note stating:
Plenty more detail at the ft.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0
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