Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Persimmon jobs to go

House builder Persimmon is expected to announce it is cutting up to 1,000 jobs when it gives a trading update to the City tomorrow.

It is thought the group could axe up to one fifth of its 5,000 strong workforce.

The cull would add to the growing gloom for the housebuilder sector, after Barratt Developments last week said it was slashing 1,000 jobs, or 15 per cent of its workforce, as it closed six regional offices while fellow top three house builder Taylor Wimpey laid off 900 staff.

Persimmon has been hit hard by the credit crunch and in April said revenues in 2008 had dropped 24 per cent. The following month the firm lost its place in the FTSE 100 Index after its share price plummeted.