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| Version 1 | Version 2 |
|---|---|
| Travis Perkins says 600 jobs at risk amid branch closures | Travis Perkins says 600 jobs at risk amid branch closures |
| (35 minutes later) | |
| The UK's biggest builders merchant, Travis Perkins, is closing 30 branches, putting 600 jobs at risk. | The UK's biggest builders merchant, Travis Perkins, is closing 30 branches, putting 600 jobs at risk. |
| The company, which employs 28,000 people and has 2,060 stores, said it was taking the steps due to an "uncertain UK outlook" for next year. | |
| Profits will also be lower than expected this year due to weak sales in its plumbing and heating division. | Profits will also be lower than expected this year due to weak sales in its plumbing and heating division. |
| The firm is closing branches of Travis Perkins, Benchmarx, BSS and PTS, but not its DIY store Wickes. | The firm is closing branches of Travis Perkins, Benchmarx, BSS and PTS, but not its DIY store Wickes. |
| 'Uncertainty' | |
| Chief executive John Carter said it was "still too early to predict customer demand in 2017 with certainty". | Chief executive John Carter said it was "still too early to predict customer demand in 2017 with certainty". |
| "Given this uncertainty we will be closing over 30 branches and making further efficiency driven changes in the supply chain." | "Given this uncertainty we will be closing over 30 branches and making further efficiency driven changes in the supply chain." |
| The 600 affected workers have been told of the changes, while the firm is also closing 10 smaller distribution centres and writing off IT equipment. | The 600 affected workers have been told of the changes, while the firm is also closing 10 smaller distribution centres and writing off IT equipment. |
| Charlie Campbell, an analyst at Liberum, said: "It is not easy to understand whether softness is due to uncertainty around the EU referendum and its after-effects or a sign of more fundamental weakness." | |
| Travis Perkins was one of the biggest fallers on the FTSE 100 following the Brexit vote on fears of a hit to the UK's property and construction sectors. | Travis Perkins was one of the biggest fallers on the FTSE 100 following the Brexit vote on fears of a hit to the UK's property and construction sectors. |
| Shares in the company fell 5% in early trading on Wednesday, and are down more than 22% since the referendum. | Shares in the company fell 5% in early trading on Wednesday, and are down more than 22% since the referendum. |
| Are you one of the 600 people whose job is at risk? Email haveyoursay@bbc.co.uk with your views and experiences. | |
| Please include a contact number if you are willing to speak to a BBC journalist. You can also contact us in the following ways: | |
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