UK plumbing giant cuts more jobs

Heating and plumbing giant Wolseley today said it planned to cut another 1,300 jobs as it battles deteriorating trading conditions in the United States.

The Reading-based company has already reduced its US headcount by 1,700 positions in the three months to October 31 – on top of the 4,650 jobs lost in the previous financial year. The job cuts completed so far amounted to a third of the workforce at the company’s Stock building supply arm.