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 and an expectation that first-half profits will be significantly lower than last year as an operational review is due by 24 September The company says the scheme could be the right outcome for individuals and the business as it moves forward primary aim remains cash preservation and debt reduction Shares have fallen as details emerge about the scheme with management reviewing outlook and strategy The scheme may lead to gradual headcount reduction to help maintain the group's financial flexibility