Travis Perkins is to cut 10 jobs and close stores due to a lack of demand in the wake of the Britain vote. The company, which owns the John Carter chain, will close 10 distribution and fabrication centres and one branches across the company after seeing a drop in plumbing and heating product sales. Travis Perkins was one of the largest FTSE 100 fallers after the EU referendum, with shares down more than 22% since June 23 . CEO John Carter said the firm would be making "further efficiency driven changes" in the supply chain.
Travis Perkins is to cut up to 600 jobs and close stores due to a lack of demand in the wake of the Brexit vote. The company, which owns the Wickes chain, will close 10 distribution and fabrication centres and 30 branches across the company after seeing a drop in plumbing and heating product sales. Travis Perkins was one of the largest FTSE 100 fallers after the EU referendum, with shares down more than 22% since June 23. CEO John Carter said the firm would be making "further efficiency driven changes" in the supply chain.