Bellway consults on closing two divisions

Aug. 8, 2023
<p>Bellway is consulting on closing two of its divisions and reducing capacity in a third, as difficult market conditions continue.</p> <p><span>The housebuilder said today (August 8) that it was considering closing its South Midlands and London Partnerships regions and reducing capacity in its Durham region. It is proposed that sites within these divisions will be transferred to other operating divisions.</span></p><p></p> <p><span>It also said that the number of employees affected was a small percentage of its overall workforce of around 3,000 people. The business has begun consulting with those potentially impacted.</span></p><p></p> <p><span>Bellway’s statement read: “In response to current market conditions which have caused a slowdown in the sales market and a reduced output for housebuilding, we have announced proposals to make some structural changes across our business.</span></p><p></p> <p><span>“This includes the potential closure of two of our operating divisions, with sites being transferred to other divisions, a reduction in capacity in a third division and a limited number of role reductions across the business.”</span></p><p></p> <p><a href="http://www.house-builder.co.uk/news/bellways-private-reservations-fall">In its last trading statement on June 14</a><span>, Bellway said that between February 1 to June 4, its private reservations fell almost </span><span>30% on the equivalent period last year.</span><span> It said it was “mindful” that uncertainty over …

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