Tool firm Screwfix is to make a Somerset warehouse, where it recently axed 520 staff, into its head office.
The company's warehouse operations are moving to Stoke-on-Trent from Yeovil, and a second plant in Leicester.
A Screwfix spokesman said the jobs were axed in the two locations because a single site in Stoke was better able to cope with a "rapid growth in business".
Screwfix, owned by Kingfisher plc, had an annual turnover of £187m in 2002-2003.
The company says it has more than a million customers in the UK.
South Somerset Council had previously decided not to back Screwfix's plans to build a new warehouse in Yeovil.
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