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Wolseley to shed 2,300 more jobs

Business Materials 18 November 2008 12:20 (UTC +04:00)

Building materials firm Wolseley says it is to cut 2,300 more jobs, the majority in the UK, and cut more than 200 branches, reported BBC.

The company, which operates in Europe and North America, said it had already cut 5,000 posts in the August to October period.

Wolseley said trading conditions had continued to worsen in the short-run.

"We continue to react swiftly to market conditions with aggressive but measured cost reduction," the company said.

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