B&Q to swing axe on 200 HQ jobs

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B&Q job cuts

B&Q is slated to cull 200 head office jobs as part of a cost cutting drive and restructure.

The DIY retailer said that the job cuts at its Southampton headquarters would “improve efficiency and simplify ways of working”.

B&Q said it has started consulting with affected employees and their representative body, the National People’s Forum.

“We recognise this is a difficult time for our colleagues and are supporting them in a number of ways,” B&Q group 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.

“We are continuing to collectively consult with our employee’s representative body – the National People’s Forum, and are now consulting with our impacted colleagues.”

A spokesperson from B&Q added that while B&Q’s head office is reducing in size, its parent company Kingfisher has created a number of new roles in the same office over the last two years.

The news comes just days after Asda, Tesco, Sainsbury’s and Topshop/Topman all announced thousands of collective job cuts or restructures, while hundreds of jobs are up in the air at fashion retailer East after it fell into administration for the second time within three years.

Major high street names have been affected by rising business rates and inflation that has come about since the Brexit vote, with the cost of goods soaring and consumer confidence plummeting.

B&Q’s job cuts also comes amid an overhaul at parent company Kingfisher, which last year warned over a “cautious” outlook in the UK.

Despite the uncertainty, Kingfisher chief executive Veronique Laury is aiming boost profits by £500 million a year by 2021.

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2 COMMENTS

  1. While I am a firm believer in the capitalist model, it saddens me to see a senior management culture that appears to see mass redundancies as an opportunity to boost long-term profits. By this stage of our capitalist development and senior management reward levels, every avenue should be looked at in order to utilise staff to create new avenues of wealth for a company. If senior management cannot see such a way, maybe it’s they who should be made redundant?
    Such a culture of having no shame in mass redundancies, in fact quite the opposite, clearly shows a fundamental weakness in a company’s senior management. An annual cost of seven million against a plan to increase profits by five hundred million, well I don’t think there is any contest, but then I’m not foaming at the mouth waiting for my ever-larger annual bonus!

  2. By aĺl means restructure but look to reduce redundancies by lowering the profit margin. Initially don’t take on staff just because someone had a great idea also reward staff but get the right staff.

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