Forterra announces jobs cuts as recovery chokes

By Joey Gardiner2023-07-11T10:21:00

Brickmaker to cut jobs 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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