UK housebuilder Persimmon to shed 1,000 jobs

One of the UK’s biggest housebuilders is expected to announce hundreds of job cuts today and provide a further insight into the woes in the industry.

York-based Persimmon, which trades as Charles Church, Persimmon Homes and Westbury Partnerships, is likely to announce around 1,000 redundancies as bosses wrestle with plunging sales and deteriorating market confidence.