The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale On A Fee Or Contract Basis 46.13 - Agents involved in the sale of timber and building materials
2,300 jobs Number of planned job losses
Announcement Date
18 November 2008
Employment effect (start)
18 November 2008
Foreseen end date
31 March 2008
Description
Wolseley, a retailer that sells plumbing and building supplies, has announced that it is to close around 200 of its 1700 UK branches with the loss of 2300 jobs. The company attributed the cuts to the slowdown in housebuilding, and stated that the jobs would be cut “in the next few months”. As of 23 October 2008, no further information is available concerning which stores across the UK will close.
Sources
18 November 2008: The Guardian
18 November 2008: Financial Times
18 November 2008: BBC News
Citation
Eurofound (2008), Wolseley, Internal restructuring in United Kingdom, factsheet number 67427, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67427.
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