Published Date:
12 November 2008
HOUSEBUILDER Taylor Wimpey confirmed it has axed a further 1,000 jobs as it said property sales slumped by 27 per cent since the beginning of July.
The recent raft of job losses brings the company's total jobs cull to nearly 1,900 in the UK this year.
And the firm offered little hope of better times as it warned yesterday that there was no immediate end in sight for the property downturn.
Taylor Wimpey reported net reservations of 165 on average a week since 1 July, despite slashing prices to maintain sales.
Britain's biggest housebuilder said its order book stood at 6,607 homes – 40 per cent fewer than at this time last year.
Taylor Wimpey also cautioned of a potential further hit to the value of its land and building stock.
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Last Updated:
11 November 2008 9:06 PM
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Source:
The Scotsman
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Location:
Edinburgh
