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Keep up to dateBy Joey Gardiner2022-04-07T10:47:00
Boss of partnerships housebuilder blames poor performance on too rapid expansion and modular facilities
Partnerships housebuilder Countryside is cutting staff and reviewing “all options” for its new modern methods of construction (MMC) factories after a review of the business found the firm had failed to manage recent rapid expansion.
Countryside said in an update to the City this morning it was merging two unprofitable regional businesses in with neighbouring regions and was “lowering the cost base” of the business at regional and group level, after encountering operational problems in the North and failing to realise the benefits of the 2018 acquisition of Westleigh.
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