A national builders merchant and home improvement retailer, which has a store in Blythe Bridge, has announced that it is set to cut 2,500 jobs and close 165 branches across the country. The announcement from Travis Perkins PLC was made by the company’s CEO Nick Roberts on Monday (June 15).
A national builders merchant and home improvement retailer, which has a store in Blythe Bridge, has announced that it is set to cut 2,500 jobs and close 165 branches across the country.
The announcement from Travis Perkins PLC was made by the company’s CEO Nick Roberts on Monday (June 15).
A spokesman for the company, which has a store based in Station Yard in Uttoxeter Road, Blythe Bridge, said: “Due to the impact of Covid-19 and the economic outlook, there is a proposal to close around 165 branches across the group.
“This represents approximately eight per cent of our branch network, and will primarily affect branches where it is either difficult to implement safe working practices, or where reduced volumes are impacting on our profitability.
“Regrettably, these changes are likely to result in a number of job losses, although we will do our best to retain colleagues where possible.
“As we have just started consultation with colleagues whose jobs are at risk, a final number cannot be confirmed at this stage, but it is likely to be around 2,500 or approximately nine per cent of our workforce.”
CEO Nick Roberts, added: “The Covid-19 pandemic has created significant challenges across our group and I have been hugely encouraged by the flexibility of our colleagues to adapt our business models successfully and at pace, which has enabled us to maintain safe working practices whilst continuing to provide an effective service to our customers.
“Whilst we have experienced improving trends more recently, we do not expect a return to pre-Covid-19 trading conditions for some time and consequently we have had to take the very difficult decision to begin consultations on the closure of selected branches and to reduce our workforce to ensure we can protect the group as a whole.
“This is in no way a reflection on those employees impacted and we will do everything we can to support them during this process.
“The group has a robust balance sheet, strong liquidity position and I am confident that these proposed changes will enable us to trade successfully through this period of uncertainty with a cost base that better reflects the environment we are operating in.”
When asked if the Blythe Bridge branch would be affected by the announcement, the Travis Perkins spokesman added: “We have just started consultation for the announced proposals, which means our priorities are now to support our colleagues at this time and that we are unfortunately unable to provide you with details of the proposed local impact at this stage.”
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