Bovis Homes

Type
Internal restructuring
Country
United Kingdom
Region
East (England); Suffolk; Cambridgeshire CC
Location of affected unit(s)
Cambridge, other locations
Sector
Financial / Insurance/ Estate
68 - Real estate activities
68 - Real estate activities with own property and development of building projects
68.1 - 68 - Real estate activities with own property and development of building projects
400 jobs
Number of planned job losses
Job loss
Announcement Date
9 July 2008
Employment effect (start)
Foreseen end date

Description

UK Home-builders Bovis Homes has announced that it plans to cut 400 jobs. The company announced that the job losses would be from both office and site based jobs. The job cuts reflect an industry wide downturn in business blamed on the credit crunch and a drop in the number of affordable mortgages. Sales at Bovis in the six months ending in June were down 30%. As of July 2008, there is no information on when the job losses will be implemented by.

Sources

  • 9 July 2008: BBC Website

Citation

Eurofound (2008), Bovis Homes, Internal restructuring in United Kingdom, factsheet number 66824, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66824.