Fri, 08 Dec 2017 | ADMINISTRATION
A major Leamington business is facing hundreds of redundancies as its distribution centre looks set to close.
Wolseley UK’s national distribution centre in Harrison Way currently has all 170 jobs at risk, while another hundred positions at the business' head office are likely to disappear, too.
The company announced a restructuring plan in September of last year which included the closure of 80 branches and one distribution centre – resulting in the loss of around 800 jobs over two to three years.
“We originally announced a comprehensive transformation plan to improve our customer propositions and the efficiency of our business in September 2016," said a spokesperson for Wolseley.
“The plan set out a programme of investment in the business whilst simplifying our branch network and logistics facilities to improve our service to customers and lower our costs. To date, we have closed 38 branches with 200 redundancies. After completing more detailed analysis our expectations of the total UK headcount reductions remain broadly the same.
“We have briefed employees on an update to our transformation programme including a proposal to close a further 18 branches taking the total to 98 and the closure of our distribution centre in Leamington within the next 18 months with 170 roles put at risk of redundancy.
“Additionally, we propose 100 fewer administration and support roles in our UK headquarters in Leamington. The remaining 342 employees will be relocated to a new local site."
An opportunity exists to purchase the business and assets of a recruitment business operating in the south of England. The business specialises in both temporary and permanent candidate placement in education roles.
An opportunity exists to purchase the business and assets of a leading provider of traffic management solutions operating across the UK highways network.
An opportunity exists to purchase the business and assets of a television production company. The company has an established track record in the production of drama/ documentaries and colourised archive series.
11
|
Mar
|
Yorkshire accountants Shenward buy London peer as part of expansion drive | BUSINESS SALE
Yorkshire accountancy firm Shenward has expanded into London...
11
|
Mar
|
UK administrations update: March 4 – 11 | ADMINISTRATION
Since our last update, the following businesses have been co...
11
|
Mar
|
Edinburgh consultants Alba Partners buy London peer Core Consultants | BUSINESS SALE
Edinburgh-based management consultants Alba Partners has bou...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.