Taylor Wimpey plans job cuts amid downturn in UK housing market

Building company aims to save 20m, but declines to say how many of its 5,000 workforce will be affected

Taylor Wimpey is planning to cut jobs as the housebuilder warned of slowing sales in the latest sign of a downturn in the UK housing market.

The company said the job cuts formed part of efforts to save 20m in costs a year. The chief executive, Jennie Daly, declined to say how many of the 5,000 workforce would be affected, adding that staff consultations were under way.