Housebuilder Countryside is to close a new modular housing factory as it grapples with losses in its manufacturing business.
The company issued a profit warning at the start of this year and identified its timber frame factory as one of the main culprits for its losses.
The facility in Bardon, Leicestershire, is the newest of three such factories the company owns. Countryside said closing it would result in “a reduction in the run-rate of manufacturing losses”.
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