Bellway to shut two divisions amid market ‘slowdown’

By Joey Gardiner2023-08-08T12:27:00

Source: Shutterstock

Housebuilder launches major restructure and redundancy consultation ahead of trading update tomorrow

Housebuilder Bellway is to shut two divisions as part of a major restructure launched in response to the weakening housing market.

The firm told staff yesterday that it was commencing a consultation on redundancies following a decision to shut the firm’s South Midlands and London Partnerships divisions, and scale back its Durham business.

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