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Vistry Group PLC is looking to cut a swathe of jobs to preserve cash, the Sunday Times reported. The Kent, England-based housebuilder has written to all staff below managing director grade to offer voluntary redundancy. According to internal correspondence seen by the Sunday Times, Chief Executive Adam Daniels launched a ‘voluntary exit scheme’ in a memo to the 4,500-strong workforce on Wednesday. Daniels said the redundancy programme was for staff who ‘feel less connected to Vistry’s direction or less certain about their future here’. The chief executive said ‘most colleagues feel proud of the work we do’ but noted that among some employees there was ‘uncertainty about their longer-term alignment with Vistry and our goals’. Daniels said the redundancy programme would be the ‘right outcome for both the individual and the business, while supporting Vistry as we continue to move forward’. A Vistry spokesperson said: ‘We have made it clear that we are prioritising cash generation and are taking decisive steps to reduce debt levels. ‘While current market conditions are challenging for all companies in our sector, we continue to build at scale and pace, delivering the homes this country so desperately needs.’ Last month, Vistry paused its share buyback programme to ‘prioritise debt reduction’. Shares in Vistry closed up 3.4% at 242.40 pence on Friday in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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