Travis Perkins to Accelerate Business Restructuring, Targeting £35 Million in Annual Savings
• Travis Perkins accelerating restructuring plans due to challenging market conditions
• Plans include headcount reductions and supply chain efficiencies to save GBP35 million annually
• Restructuring charge of around GBP15 million expected in 2023 financial results
• Actions aimed to simplify business, review loss-making activities, maximize collective scale
• Company saw stable pricing but still challenging volumes in Q4; backs adjusted operating profit target