DIY store faces axe

East Kilbride News - - NEWS -

Dozens of lo­cal jobs are at risk fol­low­ing the pro­posed clo­sure of 40 UK Home­base stores.

The East Kil­bride Kings­gate branch is po­ten­tially un­der threat of clo­sure, with 2000 jobs at risk across the coun­try.

The DIY chain is cur­rently un­der re­view by its Aus­tralian owner Wes­farm­ers af­ter a “dis­ap­point­ing” per­for­mance, with ex­pected losses of £97m in the first half of 2018.

Wes­farm­ers said it had writ­ten down the value of the Home­base chain by £454m as a re­sult of its poor trad­ing.

The owner ad­mit­ted it has found the UK mar­ket “very dif­fer­ent and more frag­mented” than Aus­tralia.

Man­ag­ing di­rec­tor of Wes­farm­ers, Rob Scott, said: “The Home­base ac­qui­si­tion has been be­low our ex­pec­ta­tions which is ob­vi­ously dis­ap­point­ing.”

Home­base has 250 stores across the UK and em­ploys 12,000 peo­ple.

Ri­val DIY chain, B&Q, re­cently an­nounced it was cut­ting 200 jobs at its head of­fice in Hamp­shire as part of a cost-cut­ting drive.

A Home­base spokesman said: “It’s too early to com­ment on which stores might be af­fected.”

Staff are ex­pected to find out which stores are to close in June when the re­sult of the re­view is an­nounced.

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