Persimmon axes 1,100 jobs as both margins and sales tumble

[Tony]

Persimmon, the UK's biggest housebuilder, said today that it will soon have laid off 1,100 people since the beginning of the year, adding that the first six months of 2008 have been the most challenging in the company's recent history.

More...Persimmon, the UK's biggest housebuilder, said today that it will soon have laid off 1,100 people since the beginning of the year, adding that the first six months of 2008 have been the most challenging in the company's recent history.