Hundreds more housebuilding jobs axed

Hundreds more housebuilding job cuts were announced today as Bovis Homes and Redrow became the latest to outline efforts to combat the property slump.

The builders are axing 40% of their workforces and closing offices to cope with plunging house sales.

Bovis said it expects around 400 of its staff will have lost their jobs since the start of the year. It is also closing its eastern regional office.

Only yesterday fellow housebuilder Persimmon announced that 1,100 full-time staff had been cut since January, while last week Taylor Wimpey and Barratt Developments together revealed around 2,000 job losses.

Redrow said it will be left with a total headcount of 850 following the job cuts. The group is also shutting two of its 10 offices, in Warrington and Basingstoke.

Bovis said it was shutting its eastern regional office, while merging key functions of its northern and central regions.