Woolworths administrator Deloitte has announced 450 redundancies in the company’s London head office and at its support operations in Castledon, Rochdale. No roles have been made redundant in the group’s high street stores, distribution centres or at its entertainment distributor EUK.
Job Centre staff will attend both sites to provide advice and support to employees who have been made redundant and the Insolvency Service has put together a team to approve their entitlements claims. Deloitte said it will keep Woolworths’ stores and distribution centres operational until after Christmas with a simplified core structure supporting them.
Deloitte said it is still working alongside Woolworths management to find a buyer and retains hopes of selling the retailer as a going concern to preserve as many jobs as possible. A number of interested parties are said to be in talks with the administrators.
The administrator also issued assurances that Woolworths’ Biggest Ever Sale, which launched today, will not adversely impact efforts to sell the business. Yesterday, Woolworths announced discounts of up to 50 per cent on all goods including 50 per cent off toys, 30 per cent off Christmas trees and decorations and 50 per cent off greeting cards. It is feared that offers at the retailer will hit high-street competitors in the run-up to Christmas.
Deloitte reorganisation services partner and joint administrator Neville Kahn said: "We have today launched Woolworths’ Biggest Ever Sale, which is complementary to and will not adversely impact upon our efforts to sell the business. We are extremely grateful to the staff and management for their continued support at this difficult time. We would also like to thank the Job Centre and Insolvency Service for their cooperation and help."
See Original Article
Call now for help with corporate debts.
Call us on: 0800 071 1616
Email us on: info@debtsgone.co.uk
Website: www.debtsgone.co.uk
Tuesday, 16 December 2008
Posted by Debtsgone LTD at Tuesday, December 16, 2008
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2008
(365)
-
▼
December
(31)
- It New Years Eve! Time to consider making dealing...
- PARIS — MHS Electronics, a privately held electron...
- FOR people like Elizabeth Yates the credit crunch ...
- The predicted spike in channel business failures h...
- New Year is almost here. How about making your ne...
- Enjoy your Boxing Day!Call now for help with corpo...
- Merry Christmas 2008!Call us on: 0800 071 1616Ema...
- Christmas eve is here at last. Enjoy your Christm...
- Our Offices will be closed from Christmas Eve (24/...
- Insolvency specialist says it has seen a surge in ...
- The Joint Administrators of Entertainment UK Ltd (...
- A chain of retail outlets that specialises in Chri...
- One in 10 of the contractors named in the OFT's co...
- Distressed debt investors are looking at the finan...
- COMPANY directors are taking a bigger hit if their...
- Woolworths administrator Deloitte has announced 45...
- Manchester-based ACG North Ltd, a division of Arti...
- Nearly 200 people have lost their jobs after an 80...
- THE owners of a bakery chain based in Cynon Valley...
- The original firm went into liquidation in October...
- THE company responsible for the much-lauded Westpo...
- FERRARI’S Bakery has gone into liquidation, the co...
- While US shoppers search the stores for post-Than...
- The insolvencies of Woolworths and MFI present the...
- The Times says firm could be ‘hours away’ from adm...
- The popular Glencarse Hotel, between Dundee and Pe...
- Shares in troubled retailer Woolworths have been s...
- VAT rise 'dropped just days ago' The PM and Mr D...
- Holidaymakers will still be able to visit La Manga...
- A dodgy satellite TV warranty company from Norwich...
- Christmas is almost here and you may be worrying a...
-
▼
December
(31)
No comments:
Post a Comment