Travis Perkins has disclosed the plans to shut down around 165 branches and also confirmed to axe of 2,500 jobs(amounting to 9% of the total workforce) due to the huge falls in demand for general building supplies. Chief Executive Nick Roberts have stated that the UK has faced recession which will impact on the demand for building materials for the coming two years. His statement includes “While we have experienced improving trends more recently, we do not expect a return to pre-COVID trading conditions for some time.”
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