Taylor Wimpey

Type
Internal restructuring
Country
United Kingdom
Region
London;
Location of affected unit(s)
Greater London, other locations
Sector
Construction
41 - Construction of residential and non-residential buildings
41 - Construction of residential and non-residential buildings
41.00 - Construction of residential and non-residential buildings
100 jobs
Number of planned job losses
Job loss
Announcement Date
9 December 2020
Employment effect (start)
Foreseen end date

Description

Taylor Wimpey, the British residential property developer, has announced the loss of over 100 jobs across the UK.

The restructuring plan involves the removal of one tier of operational management and a series of reductions in central and business unit overhead levels, as well as a rationalisation of London operating structure. The company aims is to save GBP 15 million (€16.5 million) in 2021.

Taylor Wimpey is one of the largest housebuilders in the UK, operating 24 regional businesses across the country. The company also operates in Spain and employs a total of 6,000 people in the two countries.

Sources

Citation

Eurofound (2020), Taylor Wimpey, Internal restructuring in United Kingdom, factsheet number 102933, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102933.