Persimmon axes 1,100 jobs
Housebuilding giant Persimmon has laid off a fifth of its workforce since January as it faces up to the toughest conditions in its recent history.
The firm said the number of house sales slumped by 31% to 5,501 in the first six months of the year, leaving sales revenues down by £1bn.
A total of 1,100 jobs will have been cut so far this year under an overhaul to save around £45m a year.