Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Forterra announces redundancy consultation amid ‘significant uncertainty’ in demand as interest rates rise
British brickmaker Forterra has announced plans to consult staff on redundancies after its May decision to mothball its Howley Park factory in the face of falling demand from housebuilders.
The firm said the moves to cut £13m of costs were in response to “challenging market conditions” and came as the hoped-for spring market resurgence had not proved as strong as at first anticipated.
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