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Housing Today
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Redrow to shut two divisions as it launches restructure
Listed housebuilder blames economic climate as it cuts overhead and prepares to reduce output
Listed housebuilder Redrow is to shut two of its 14 regional divisions in response to the weakening market, in a restructure reportedly likely to see the firm lose up to 100 jobs.
The £2.14bn turnover firm is to shut its Southern and Thames Valley divisions, based in Crawley and Oxford respectively, but said it will continue to serve these areas from neighbouring divisions.
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