Travis Perkins clarified the outlook for building materials this week – by cutting a tenth of its workforce.
Travis Perkins to cut 2,500 jobs and shut 165 stores in UK https://t.co/vGzjwXeCjh— The Guardian (@guardian) June 15, 2020
The company said:
It is evident that the UK is facing a recession and this will have a corresponding impact on the demand for building materials during 2020 and 2021.
The UK construction workforce could fall 10% by September, in material suppliers even more:
