A DROUGHT of new home buyers has forced Scottish housebuilder Cala Homes to down tools on development sites and cut almost 8 per cent of its workforce. The Edinburgh-based firm, which builds about 1,500 homes a year, said it would only continue work on houses or flats that have already been sold. Cala is to cut about 30 jobs from its workforce of around 400 in an effort to keep costs down and av oid having to go to lenders for further funding during the industry downturn. The Cala board of directors took the decision to stop construction work when it became clear in March that housing sales had "(fallen] off a cliff". Geoff Ball, the executive chairman of Cala, told The Scotsman the plan was called "Project Dunkirk", on the basis that there was "an orderly retreat". He said: "We decided immediately we would cut down on our...
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