Potential job losses

Potential job losses are being reconsidered at Wilko.

On Tuesday, the PwC administration assured the GMB regarding the suspension of redundancy for more than 12,500 employees of the discount homeware chain.

A union has stated that while the bids of collapsed retailer Wilko are being considered, it has suspended the decision to downsize its 12,500-strong workforce.

Due to the impact of inflation, the retailer has been struggling to keep up with its competitors and the supply chain disaster, which finally collapsed earlier this month.

However, with the hope of someone buying out the chain’s 400 branches, the chain set a deadline for last Friday.

After being informed that there was no chance the majority of the company would be salvaged, the union issued a warning that the majority of Wilko branches would likely close within weeks.

Regardless of the situation, the GMB stated that PwC confirmed that it had received “multiple bids” for Wilko and is reconsidering putting a hold on any potential job losses.

- Published By Team Timeswire

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