Posted 15th May

Wickes to cut 100 jobs at Watford head office

By KBBDaily on 15th May 2018 - 13:28pm
Kitchens and Bathrooms

DIY retailer Wickes – which is owned by Travis Perkins – has announced that it will be cutting 100 jobs, believed to be at its head office in Watford, due to measures to become “leaner and more agile” following “mixed trading conditions” reported earlier this year.

“In order to continue to drive growth for our business, we have been re-shaping our support centre to allow us to be leaner and more agile, and focus on key areas of growth in our multi-channel and digital businesses,” a spokesperson for Wickes said.

“The new structure will result in the reduction of approximately 100 out of 7,000 roles in the business. The business is committed to fully supporting all those affected.”

In its trading update for the first quarter of 2018 last month, Travis Perkins noted that Wickes had “suffered from a declining UK DIY market reflecting weak consumer sentiment”, although it added that kitchen and bathroom showroom orders “recovered relative to Q4 2017”.

Travis Perkins CEO John Carter added that trading conditions for the group had been “mixed” and were expected to remain so in the near-term.

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