U.K.’s Wolseley cuts another 600 jobs.

Wolseley, the World’s largest distributor of plumbing and heating products, is to axe another 600 jobs having already lost 7,100 in the last year. The move comes as the company saw annual net profits slump 84% to GBP 74 mln. We’re going to see a steady stream of these sort of job losses as the U.K. unemployment ratchets ever higher.