Persimmon, one of the UK’s largest housebuilders, has cut almost 300 jobs as weak demand linked to the fallout from the government’s autumn mini-budget sent half-year profits plunging by 65%.
The company said the reduction in headcount was due to efforts to cut £25m from annual costs in response to the downturn, as it decided not to replace workers who had quit their jobs or retired in the first half of the year. Persimmon had more than 5,860 employees as of December.
