Huge DIY brand to close 19 branches and axes 400 jobs
It also warned of more cost pressures over the year ahead, with inflation running at mid to high single-digit levels, marking a slight easing, but "no notable deflation in manufactured products" expected.
Nick Roberts, chief executive of Travis Perkins said: "In the second half of the year we made some difficult decisions in response to the weaker trading environment and we continue to be watchful of market trends, working closely with our customers and suppliers to stay on the front foot."The chain is UK's largest builders merchant supplying building materials and hire services to trade and non-trade customers.
There are more than 500 Travis Perkins branches across the UK - which include over 150 Benchmarx showrooms.TheSome back office functions were included in the layoff plans, which affected around 9% of Travis Perkins' 27,500 employees.
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