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.
East of England; Bedfordshire and Hertfordshire; Hertfordshire
Location of affected unit(s)
Watford
Sector
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Other Specialised Wholesale 46.73 - Wholesale of wood, construction materials and sanitary equipment
100 jobs Number of planned job losses
Announcement Date
15 May 2018
Employment effect (start)
15 May 2018
Foreseen end date
Description
Wickes Building Supplies Limited, a UK-based retailer of DIY and home improvement products has announced that it will cut 100 jobs at its head office in Watford, England. This is a significant cut, reducing the number of staff employed in the head office by a third. The spokesperson for the company said that the reduction is part of a cost saving strategy. The company has not given any information about the timescale of the job cuts but the spokesperson stated that “the business is committed to fully supporting” the employees who are affected by the redundancies.
Wickes Building Supplies Limited has 246 stores across the UK and employs 7,000 people.
Sources
15 May 2018: BBC News
15 May 2018: Retail Gazette
16 May 2018: DIY Week
15 May 2018: This is Money
Citation
Eurofound (2018), Wickes Building Supplies Limited, Internal restructuring in United Kingdom, factsheet number 94207, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94207.
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