The 15,000 British employees of the construction supplies company Wolseley today fear for their futures after the FTSE 100 firm announced restructuring plans in response to the global credit crunch.
The company, which provides building, plumbing and heating materials and employs 79,000 people worldwide, said today that 250 employees and at least 75 branches of its Ferguson chain in North America are to be cut initially, with further reductions in Europe and the US to be announced by the end of July. In its Interim…
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