B&Q

Type
Internal restructuring
Country
United Kingdom
Region
South East (England); Hampshire and Isle of Wight; South Hampshire
Location of affected unit(s)
Eastleigh
Sector
Wholesale / Retail
47 - Retail trade
47.5 - Retail sale of other household equipment
47.52 - Retail sale of hardware, building materials, paints and glass
220 jobs
Number of planned job losses
Job loss
Announcement Date
9 October 2012
Employment effect (start)
Foreseen end date

Description

B&Q, a retailer of furniture and household appliances, has announced plans to cut 220 jobs from its head offices in Eastleigh. The job losses were blamed on a 30 million reduction in profits. The company stated that it was offering "enhanced redundancy packages" to the affected staff. 

Sources

  • 9 October 2012: BBC News

Citation

Eurofound (2012), B&Q, Internal restructuring in United Kingdom, factsheet number 74339, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74339.