DIY store faces axe
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.