Wolseley to close 80 UK branches to tackle challenging market
Heating and plumbing products supplier Wolseley said on Tuesday it would close 80 UK branches and a distribution centre, leading to up to 800 job losses, as it looks to streamline its UK business, which has been facing tough competition.
The company said the steps would take two or three years to implement, resulting in restructuring charges of about 100 million pounds and expected annualised cost savings of 25 million pounds to 30 million pounds.
Wolseley said its end markets remained mixed with some uncertainty in the economic outlook, after reporting a record trading profit of 917... read more
- 00:55 Dr Therese Coffey: Everyone has a part to play to clean up our air
- 00:54 Local groups invited to apply for Bowhill funding
- 00:51 Airbus plans UK job cuts amid fears of hard Brexit impact
- 00:50 Sudoku 4093 hard
- 00:49 Royal Ascot 2018 day four tips: Billesdon Brook can land the...
- 00:47 Dr Therese Coffey: Everyone has a part to play to clean up our air
- 00:41 Misconceptions around mental health are making 1 in 4 delay...
- 00:41 'Dangerous' carbon monoxide alarms removed from Amazon and eBay
- 00:39 Church prepares for visiting choral society's concert
- 00:39 The Yorkshire Post says: Pound for pound. Why park cuts should be a...
- 00:39 The Yorkshire Post says: House out of order. Brexit and Commons reform
- 00:39 Bill Carmichael: Battle for Brexit became rout of rebels
- 00:38 Sturgeon to hold talks with UK government
- 00:35 Slideshow: Birkenshaw Christmas lights
- 00:35 Sharks, Moor and Celtic suffer Conference defeats
- 00:30 Migrant children: Pentagon asked to house migrant minors
- 00:26 Part-privatisation of probation sector 'is a mess', MPs say
- 00:24 The UK's rapid return to city centre living
- 00:18 MPs to investigate 'fast fashion' impact
- 00:18 Probation system 'a mess' despite reforms, say MPs
- 00:17 Are Instagram stars facing a brand backlash?
- 00:12 Church of England makes last-minute approach to abuse survivors
- 00:11 Viewpoint: Why the Kashmir government fall is a tragedy
- 00:10 BREAKING: Eurozone nations agree to end Greece austerity with debt...
- 00:06 Quebec City mosque shooter 'not a monster' say parents
- 00:06 Chelsea reportedly agree £31m deal to sign Juventus centre-back...
- 00:05 House of Fraser rescue plan faces vote
- 23:50 Sanderson delighted as 'fantastic day' puts Northants on brink of...
- 23:37 US banks pass financial stress tests
- 23:37 EU tariffs on US goods come into force