Profits drying up on UK market?

Profits drying up on UK market?

WaverleyTBS, the UK drinks supplier, plans to cut around 15% of its workforce as part of a restructuring programme to help it adapt to tough market conditions.

Up to 200 jobs are set to go as WaverleyTBS prepares to restructure its logistics network and centralise telesales and support roles, the group said today (5 February).

WaverleyTBS, which employs around 1,300, cut 65 jobs last year when it restructured its sales division.

A cocktail of duty tax rises and economic recession has cut into profits in the UK alcoholic drinks sector over the last couple of years.

"It is well documented that the drinks sector continues to face some considerable challenges and our business has to evolve to remain sustainable and competitive,” said WaverleyTBS managing director Jonathan Townsend.

A consultation with employees on the proposed restructuring will begin today, said the group, which works with a wide range of drinks companies, from Nestle Waters to independent wineries.

The logistics and telesales changes will support the group's new sales structure, the firm said. Some workers may be offered alternative employment elsewhwere in the company.