An additional 9,100 Wilko workers will likely be made redundant by early October, directors have stated.
PricewaterhouseCoopers (PwC) failed to achieve a deal to avoid wasting any important a part of the retailer after it went into administration.
“It is anticipated that all stores will be closed by early October, resulting in the redundancies of a further 9,100 employees in those stores,” PwC stated.
The firm beforehand introduced round 1,600 redundancies at Wilko and confirmed that 52 shops would shut this week after it did not discover a purchaser for them.
Read extra: Full listing of Wilko shops set to shut this week
Earlier, Sky News reported 400 branches of the collapsed retailer would shut by early October with the “likely” lack of all 12,500 jobs on the chain, in keeping with the GMB.
GMB boss Gary Smith informed Sky News’ Politics Hub With Sophy Ridge that Wilko would price the taxpayer “tens and tens of millions of pounds” – and {that a} quarter of the Wilko employees will not get redundancy pay.
He added the regulation prioritises collectors over job safety, which has led to this example.
Mr Smith claimed that because of the lack of correct session and the ensuing redundancies “the taxpayer is going to pick up the bill” for prices associated to redundancy funds, failure to seek the advice of, and potential discover pay, amounting to tens of hundreds of thousands of kilos.
Although different firms are nonetheless within the operating to take over a few of Wilko’s outlets, GMB stated that these had been solely within the property, and any offers wouldn’t embody employees.
B&M European Value Retail has already agreed to purchase 51 Wilko shops that are set to be rebranded. It is unclear if the low cost chain will carry on or rehire any of the Wilko workers on the branches.
Zelf Hussain, joint administrator at PwC, stated: “Despite the significant and intensive efforts of both ourselves and Putman Investments – the remaining party interested in buying a significant part of the business as a going concern – a transaction could not be progressed due to the inability to reduce central infrastructure costs quickly enough to make a deal commercially viable.
“The dedication proven by all group members throughout this era has been massively humbling and we’re grateful for the persistence and understanding they’ve proven.
“As with those who have already been given notice of redundancy, we will guide and support those team members impacted over the coming weeks through the redundancy claims process.
“We additionally proceed to collaborate intently with related companies and have interaction with any potential employers to assist facilitate a fast return into new employment for these impacted.
“We continue to work with potential buyers for different parts of the business and are confident of completing transactions in the coming days.”
The following shops will shut on Tuesday 12 September:
Acton
Aldershot
Barking
Bishop Auckland
Bletchley FF
Brownhills
Camberley
Cardiff Bay Retail Park
Falmouth
Harpurhey
Irvine
Liverpool Edge Lane
Llandudno
Lowestoft
Morley
Nelson
Port Talbot
Putney
Stafford
Tunbridge Wells
Wakefield
Weston-super-Mare
Westwood Cross
Winsford
The following shops will shut on Thursday 14 September:
Ashford
Avonmeads
Banbury
Barrow in Furness
Basildon
Belle Vale
Burnley (Relocation)
Clydebank
Cortonwood
Dagenham
Dewsbury
Eccles
Folkestone
Great Yarmouth
Hammersmith
Huddersfield
Morriston
New Malden
North Shields
Queen Street Cardiff
Rhyl
Southampton-West Quay
St Austell
Stockport
Truro
Uttoxeter
Walsall
Woking
The following shops will shut on Tuesday 19 September:
Aberdare
Alfreton
Ashby
Barnstaple
Belper
Beverley
Blackheath
Brigg
Byker
Chepstow
Clifton Nottingham
Colindale
Devizes
Didcot
Earlestown
East Ham
Great Bridge
Greenbridge
Grimsby
Hessle Road – Hull
Jarrow
Kimberley
Leighton Buzzard
Long Eaton
Maesteg
Matlock
Middleton
Newton Abbot
Redcar
Ripley
Seaham
Sherwood
Stamford
Stevenage
Swanley
Tamworth
Wrexham
Wythenshawe
The following shops will shut on Thursday 21 September:
Allestree
Andover
Bedford
Beeston
Bicester
Bloxwich
Bolton
Bordon
Bransholme
Bridgend
Bury
Carlton
Clacton on Sea
Cramlington
Crewe
Cwmbran
Cyfarthfa
Denton
Driffield
Droitwich
Edmonton Green
Farnborough
Fort Kinnaird
Fulham
Gateshead
Gorleston
Grays
Greenock
Havant
Hereford
Hillsborough
Holyhead
Newton Aycliffe
Northampton
Orton
Parc Trostre Llanelli
Penge
Peterlee
Pwllheli
Shrewsbury
Slough
Swindon
Tamworth Retail Park
Taunton
Walton on Thames
Wheatley Retail Park
Wigan
Wolverhampton
Content Source: information.sky.com