Builders’ merchant Travis Perkins has revealed it axed 400 jobs and shut 19 branches at the end of last year as the housing market slowdown hits its bottom line.
The group, which owns the Toolstation chain, said it was forced to take some “difficult decisions” to slash costs by £25 million this year.
It closed 19 branches in its general merchant and Benchmarx divisions in the final quarter of 2022, with 400 jobs being cut due to the site closures and across central support functions.
