The Netherlands-based group which specialises in underfloor heating, flexible plumbing products, pipes and fittings said 200 jobs were set to go, mainly in the UK. It follows on from 100 job cuts in the UK and Ireland announced earlier this year.
A spokesman said: “This is a result of the credit crunch and its effect on the building and construction sector.
“We have to adjust our organisation to that situation.We are currently in discussions with the trade unions, but we hope everything will be concluded by the fourth quarter of this year.”
At the moment the company employs 1,600 staff in the UK across six sites, including its headquarters in Chippenham.
Other offices include Brandon in County Durham, Hazelhead and Doncaster in South Yorkshire, Exeter in Devon and Swadlincote in Derbyshire.
The latest restructuring will cost £6.7 million, but Wavin believes it will deliver annual savings of £5.1 million.