Tuesday, November 18, 2008
Wolseley to shed 2,300 more jobs
Plumbing and building materials firm Wolseley says it is to cut 2,300 more jobs, the majority in the UK, and close more than 200 branches. Wolseley, which owns the Plumb Center and Build Center chains and operates in Europe and North America, said it had already cut 5,000 posts since August. It added that trading conditions were expected to worsen in the short-run. "We continue to react swiftly to market conditions with aggressive but measured cost reduction," the company said.