Latest News About Vistry launches voluntary exit

Vistry Group opened an enhanced voluntary exit scheme for staff below managing director level as part of cash preservation and debt reduction follows pause of the share buyback and an expectation that first-half profits will be significantly lower than last year and an operational review is scheduled for 24 September The firm says the scheme may be the right outcome for employees and the business while it moves forward the goal centers on preserving cash and cutting debt Shares have fallen as details emerge about the scheme while management reviews options and outlook The voluntary exit scheme could reduce headcount gradually and help maintain financial flexibility for the group