Taylor Wimpey axes 450 staff in cost-cutting push

Taylor Wimpey has finished consultations with staff on a £19m cost-saving plan as it revealed this morning that targetted completion rates were 23% down on last year.
The cost-cutting plan is understood to have delivered 450 job cuts and cost £8m to implement but would not affect existing UK market coverage.
In a trading statement this morning chief executive Jennie Daly said Taylor Wimpey had seen a incremental improvement in sales rates so far this year compared to the end of 2022.