Latest News About Vistry enhances voluntary exit scheme

Vistry Group is running an enhanced voluntary exit plan for employees below MD level to support cash preservation and debt reduction follows pause of the share buyback with first-half profits forecast to be much lower than the previous year with an operational review due by 24 September The firm says the scheme may be the right outcome for employees and the business while it moves forward primary aim remains cash preservation and debt reduction Shares have fallen as details emerge about the scheme as management reviews options and outlook The scheme may lead to gradual headcount reduction to preserve financial flexibility for Vistry Group