{"id":144943,"date":"2024-10-24T08:15:22","date_gmt":"2024-10-24T07:15:22","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=144943"},"modified":"2024-10-23T14:31:10","modified_gmt":"2024-10-23T13:31:10","slug":"barratt-redrow-close-nine-offices","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/barratt-redrow-close-nine-offices\/144943\/","title":{"rendered":"Barratt Redrow to close nine regional offices"},"content":{"rendered":"<h2>Barratt Redrow are cutting costs in their first act since <a href=\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/barratt-redrow-complete-2-5bn-merger\/144327\/\" target=\"_blank\" rel=\"noopener\">merging earlier this month<\/a>, as they announce the closing of nine regional offices<\/h2>\n<p>Barratt Redrow are beginning their company integration,\u00a0 as the chief executive confirms that the company is looking to save \u00a390m.<\/p>\n<p>A series of cost-cuts will follow, including procurement and supply chain reviews to find 38% of targeted efficiencies, and consolidation of duplicated central and support functions to save \u00a323m.<\/p>\n<h3>Barratt Redrow expects to deliver between 16,600-17,200 units in 2025<\/h3>\n<p>Consultation has begun for five of the nine offices expected to be closed. Roughly 800 workers are likely to be made redundant, 400-500 of which will already be affected.<\/p>\n<p>The group has reassured workers on-site and in sales offices that their jobs will not be affected.<\/p>\n<p>Cuts will also come to boardroom and senior management members, expected to save \u00a323m.<\/p>\n<p>The latest update said: &#8220;Following the receipt of CMA (Competition and Markets Authority) clearance on 4 October 2024, and the lifting of restrictions on our ability to undertake any integration activity, we have begun the integration of the two businesses at pace.<\/p>\n<div class=\"sc-gEvEer kGHzwr\">\n<div class=\"sc-aXZVg iLuLZl\">\n<div>\n<div>\n<p>&#8220;As a result of our planning to date, we are confident that we can deliver cost synergies of at least \u00a390 million.&#8221;<\/p>\n<h3>Office closures will save the company \u00a333m<\/h3>\n<p>David Thomas said: &#8220;This is an exciting new chapter for our business. <a href=\"https:\/\/www.barrattredrow.co.uk\/about-us\/leadership\" target=\"_blank\" rel=\"noopener\">Barratt Redrow<\/a> is uniquely well-positioned to meet the need for new homes of all tenures across the country.<\/p>\n<p>&#8220;We have superior scale, with a differentiated multi brand offering that can be deployed across our strong combined land portfolio.<\/p>\n<p>&#8220;We begin this journey with a strong balance sheet, a solid forward sales position and the ability to add significant value through cost and revenue synergies.<\/p>\n<p>&#8220;We look forward with confidence to delivering a smooth and efficient integration process, and to capturing the enhanced growth opportunities ahead of us.&#8221;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Barratt Redrow are cutting costs in their first act since merging early this month, as they announce the closing of nine regional offices.<\/p>\n","protected":false},"author":32,"featured_media":144949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[285],"tags":[908,572],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-144943","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hr-skills-news","8":"tag-economy","9":"tag-housebuilding"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Barratt Redrow to close nine regional offices<\/title>\n<meta name=\"description\" content=\"Barratt Redrow are cutting costs in their first act since merging early this month, as they announce the closing of nine regional offices\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/barratt-redrow-close-nine-offices\/144943\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Barratt Redrow to close nine regional offices\" \/>\n<meta property=\"og:description\" content=\"Barratt Redrow are cutting costs in their first act since merging early this month, as they announce the closing of nine regional offices\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/barratt-redrow-close-nine-offices\/144943\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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