UK house builder Barratt Developments plans to lay off around 1,000 of its staff in response to the downturn in the British housing market. Barratt is just the latest construction group announcing plans in the past week to cut jobs in the wake of worsening credit conditions and falling home sales. Taylor Wimpey, another British construction giant, said on Wednesday it was axing 900 jobs as it failed to secure a refinancing package, while Persimmon last month revealed a number of its staff were set to be made redundant. Barratt has a total workforce of 6,900.
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