Jobs to go as L&G prepares to shut flagship modular housing factory in wake of £170m losses

By Joey Gardiner2023-05-04T12:32:00

Insurance giant to make ’majority’ of staff redundant and cease new production at business

Insurance giant L&G is to stop production at its timber-frame modular housing factory seven years after setting it up and after racking up at least £174m of losses.

L&G had promised to build 3,500 homes a year from its plant in Sherburn-in-Elmet, near Selby, North Yorkshire, but today said it had “not been able to secure the necessary scale of pipeline” to make the business a success, and was beginning a redundancy consultation with all employees.

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