Job losses are on the horizon at Redrow, as the company confirms plans to close two offices in the South of England and reduce head office staff
In a leaked memo, Redrow chief executive Matthew Pratt confirmed job losses at Redrow’ Southern and Thames Valley divisions, with more redundancies “across the business” as restructuring takes place.
The UK housebuilders currently employ around 2,250 staff across 14 sites and built 5,715 homes last year.
One employee told LBC at least 100 people were at risk of losing their jobs.
At this time, no projects have been cancelled as part of the cost cutting measures
A spokesperson for Redrow said that ongoing and future Thames Valley and Southern developments will now be managed from other offices. They said: “Our developments are unaffected by the proposed changes we have briefed to colleagues this week.
“We are proposing to close the administrative offices of our Southern and Thames Valley divisions, and make a small reduction in staffing across some of our other teams. The vast majority of colleagues will be unaffected and there will be no impact on customers.
“We appreciate how difficult this is for those colleagues that are affected and we are supporting them throughout this process.”
The news follows a spate of recent job losses and companies folding
Ilke Homes, Forterra, Adastra Access and BAM UK & Ireland have all confirmed redundancies, job losses, or fallen outright into administration in the past few months.
The Home Builders Federation, responding to the latest news from Redrow, said: “The government’s approach to house building and the downturn in the economy is having an inevitable impact on the industry, and knock on social and economic implications.
“An anti-development approach on planning, failure to address the nutrients issue and the absence, for the first time in decades, of any support for first time buyers is seeing investment cut and fewer new homes built. Companies are having to take tough decisions for the long-term prospects of their businesses.”
