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The Guardian - UK
The Guardian - UK
Business
Tom Ambrose

Building supplier Marshalls to axe further 250 jobs amid UK housebuilding slump

a builder works on a new build house roof
The UK construction sector has been hit by a slump in demand from would-be homebuyers amid falling property prices and rising interest rates. Photograph: Rui Vieira/PA

The building products supplier Marshalls is cutting another 250 jobs and has issued a profits warning in the latest sign of the growing slump in the UK housebuilding market.

The group, based in Elland, West Yorkshire, will also close a factory in Scotland and reduce shifts and production elsewhere in an attempt to save £9m a year.

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