Latest News About Vistry enhances voluntary exit scheme

Vistry Group's enhanced voluntary exit scheme targets employees below MD level to help cash preservation and debt reduction follows pause of the share buyback and an expectation that first-half profits will be significantly lower than last year as an operational review is due by 24 September The firm says the scheme may be the right outcome for employees and the business while it moves forward its primary aim continues to preserve cash and reduce debt Shares have fallen as details emerge about the scheme while management reviews options and outlook The voluntary exit scheme could reduce headcount gradually and help maintain financial flexibility for the group