Ridgeons, the East Anglian builders merchants are proposing to shed up to 95 jobs next year.
The company is currently undergoing a consultation period with the affected employees and is blaming the continued decline in the market.
Ridgeons Group Ltd today announced it has proposed that up to 95 jobs could be lost from its workforce early next year.
Group Chairman, Anne Ridgeon said: “We deeply regret the need to propose this course of action. However, due to…the worsening economic forecasts, particularly for the construction industry, a major cost reduction programme is essential at this time.
“There will be no job losses until January of next year at the earliest, following consultation with employees.”
The proposals do not involve the closure of any of Ridgeons branches or trading interests throughout the Eastern region.
Ridgeons, the largest Independent builders and timber merchant in East Anglia, have 21 branches and the group also includes the businesses, Ridgeons Forest Products, CRS Wholesale, Anglia Tool Centre and Independent Living Centre.