Essential reading for retailers and suppliers in the home improvement market

B&Q to cut 200 head office jobs

Published: 2 February 2018 - Kiran Grewal

B&Q has recently announced it will cut 200 head office jobs as part of a scheme to bring down costs at the DIY chain.

The retailer's HR director, Helena Feltham said: “The new structure will improve efficiency, simplify ways of working, and reflect recent changes in the market and the number of B&Q stores.

 

“We want to be the leading home improvement company and make home improvement accessible to everyone. That means delivering great quality at prices that are truly affordable. To do that, we must operate differently.”

B&Q’s parent company Kingfisher had reported a drop in third quarter sales towards the end of last year, and is in its second year of a plan to boost its annual profit by £500million by 2021.

Kingfisher chief executive Véronique Laury had said of the financial report: “We remain confident in our ability to deliver our long-term plan and in the financial and customer benefits it will generate. We recognise that the transformation plans involves a lot of change for our colleagues and appreciate their continued hard work and expertise.”

The news of B&Q’s employment cuts comes as many retailers in the DIY industry notice the loss of footfall since Brexit and the drop in sterling.

Ms Feltham concluded: “We recognise this is a difficult time for our colleagues and are supporting them in a number of ways.”

 

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

What do you think?


Are you seeing stronger sales growth in hand tools or power tools?


Latest reader comments

re: Toolstation.com excels in Which? website survey

Yasminia Jackson
I Visited the Rochdale branch on the 12/05/18. Great service, Gee was very friendly and helpful. I Will call again....

re: Flooring Republic set for “monster growth” in UK

Linda Withecombe
FLOORING REPUBLIC This firm Has has lied and lied is totally unscrupulous in its business practices. I along with many others are still ...

re: Homebase introduces five-year guarantee on hardy plant range

JMB1
Hi, last summer I purchased to large round Buxus plants and I'm so disappointed as they have literally died over night! They have turned an ...

re: Independent Chichester DIY shop to close after almost 60 years

Fred
As featured in the James May TV series 'Man Lab' (Series 1, Episode 1), very sad....

re: Trago Mills fined £200k for illegally dumping waste

Betty Johnston
I was horrified to read that asbetos was found on a site belonging to Trago. Are these people so stupid ( and I use this word to be polite) ...

Most read stories