Bellway wields the axe - 250 to be made redundant
10:15 06 Jun 2008
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Housebuilder Bellway has confirmed that it is to make 250 of its employees redundant across the country, although none of its regional offices will be closed.
The news follows the housebuilder's announcement yesterday that it has seen a 31% drop in the rate of reservations since the start of February.
Bellway is the latest in a succession of housebuilders and developers who have announced cost-cutting measures over recent weeks.
Last week Taylor Wimpey confirmed that it would close 13 of its regional offices, with the loss of hundreds of jobs.
Meanwhile Persimmon has also made several hundred of its workforce redundant.
Bellway said that there had been "no sign of the normal spring selling surge” with the Midlands, Yorkshire and the North West having been particularly hard hit.
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