Taylor Woodrow staff sheltered from a massive wave of job cuts by parent house builder Taylor Wimpey.
An internal email sent to staff at the housing giant yesterday outlined cuts to be made by the group including a 30 per cent reduction in UK office staff and the closure of 13 of the its 39 regional branches.
But sources close to the firm said that the cuts would hit the firm’s housing businesses and that staff at Taylor Woodrow, the group’s construction division, would be unaffected.
The cuts come as Taylor Wimpey deals with the fallout of the credit crunch, which has led to a fall off in the number of new home sales in the first half of the year.
Trading conditions have already seen Persimmon block starting work on new sites. Crest Nicholson and Redrow have both also announced job cuts.
Taylor Wimpey has now entered a 30 day consultation period with affected staff.