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."
Project Wisteria is a successful e-commerce retailer specialising in premium outdoor apparel, skateboarding wear, and lifestyle products. Operating for close to thirty years, the company remains at the forefront of the industry by continually growing...
Exciting opportunity to acquire a well-established linen hire and laundry management business with over 100 active clients and a major contract with a local hospitality business.
A well established leading online retailer of soft home furnishings. Fully relocatable across the UK.
29
|
Jan
|
Palletower racks up another M&A deal with Yorkshire buy | BUSINESS SALE
Greater Manchester-based Palletower has made its fifth acqui...
29
|
Jan
|
MediMatch is supported by QPE in management buy-out | MBO/MBI
Digitised dental laboratory MediMatch has undergone a manage...
29
|
Jan
|
Streets continues on growth path with Hackett acquisition | MERGER
Lincoln-headquartered Streets Chartered Accountants has cont...
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.