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OnlyMe

Wolsely Warns Of More Job Losses Ahead

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Keeping house prices high and land restricted in supply and stupidly overpriced - by allowing the same payers who promoted this position sit on their landbanks is really helping the recovereh. NOT.

Meanwhile. The overpriced car scam is also looking for more taxpayer bungs so that they can sell artificially priced cars to idiot buyers.

http://www.mad.co.uk/Main/News/Articlex/0f...ge-funding.html

Industry bodies rally for more car scrappage funding

Source: Marketing Week | Author: Camille Alarcon | Published: 28 September 2009 10:00

CarsThe government is coming under increasing pressure from industry bodies to extend its car scrappage scheme, with the CBI, the EEF and the Automobile Association lobbying for more funding.

http://www.thisismoney.co.uk/markets/artic...=moretopstories

Wolsely warns of more job losses ahead

This is Money

28 September 2009, 10:01am

Wolseley today announced annual losses of £766m and said it has cut more than 10,000 jobs over the past year, as the construction slump continues to bite.

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Wolseley

Cost-cutting: Wolseley has already cut 10,000 jobs this year

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The heating and plumbing giant said the huge pre-tax loss for the year to 31 July is the result of more than £1bn in write-downs and restructuring costs.

The company has closed around 650 branches this year, with the loss of more than 10,000 jobs, and signalled there are more job losses to come at its Build Centers and Plumb Centers in the UK.

Wolseley reported profits of almost £400m last year but the slowdown in construction has had a 'harsh impact' on trading this year.

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