Travis Perkins to axe 2,500 jobs and shut 165 branches

The closure programme will see 2,500 job cuts from both the branches and roles in the distribution, administrative and sales functions, amounting to 9% of the total workforce.

Branch closures will be concentrated on the Travis Perkins General Merchant operation, focusing on small branches where it is either difficult to implement safe distancing practices, or where marginal profitability will be eroded by reduced trading volumes.

Across the merchanting and plumbing and heating businesses, volumes have returned to around 80% of the prior year with more marked differences between the businesses depending on the customer category mix and also with some regional variations.

updated: 16/06/2020