Additional 9,100 Wilko workers to be made redundant after rescue deal collapses, directors say

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An additional 9,100 Wilko workers will likely be made redundant by early October, directors have stated.

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PricewaterhouseCoopers (PwC) failed to achieve a deal to avoid wasting any important a part of the retailer after it went into administration.

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"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.

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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.

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Read extra: Full listing of Wilko shops set to shut this week

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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.

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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.

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He added the regulation prioritises collectors over job safety, which has led to this example.

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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.

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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.

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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.

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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.

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"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.

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"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.

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"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.

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"We continue to work with potential buyers for different parts of the business and are confident of completing transactions in the coming days."

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The following shops will shut on Tuesday 12 September:

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ActonAldershotBarkingBishop AucklandBletchley FFBrownhillsCamberleyCardiff Bay Retail ParkFalmouthHarpurheyIrvineLiverpool Edge LaneLlandudnoLowestoftMorleyNelsonPort TalbotPutneyStaffordTunbridge WellsWakefieldWeston-super-MareWestwood CrossWinsford

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The following shops will shut on Thursday 14 September:

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AshfordAvonmeadsBanburyBarrow in FurnessBasildonBelle ValeBurnley (Relocation)ClydebankCortonwoodDagenhamDewsburyEcclesFolkestoneGreat YarmouthHammersmithHuddersfieldMorristonNew MaldenNorth ShieldsQueen Street CardiffRhylSouthampton-West QuaySt AustellStockportTruroUttoxeterWalsallWoking

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The following shops will shut on Tuesday 19 September:

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AberdareAlfretonAshbyBarnstapleBelperBeverleyBlackheathBriggBykerChepstowClifton NottinghamColindaleDevizesDidcotEarlestownEast HamGreat BridgeGreenbridgeGrimsbyHessle Road - HullJarrowKimberleyLeighton BuzzardLong EatonMaestegMatlockMiddletonNewton AbbotRedcarRipleySeahamSherwoodStamfordStevenageSwanleyTamworthWrexhamWythenshawe

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The following shops will shut on Thursday 21 September:

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AllestreeAndoverBedfordBeestonBicesterBloxwichBoltonBordonBransholmeBridgendBuryCarltonClacton on SeaCramlingtonCreweCwmbranCyfarthfaDentonDriffieldDroitwichEdmonton GreenFarnboroughFort KinnairdFulhamGatesheadGorlestonGraysGreenockHavantHerefordHillsboroughHolyheadNewton AycliffeNorthamptonOrtonParc Trostre LlanelliPengePeterleePwllheliShrewsburySloughSwindonTamworth Retail ParkTauntonWalton on ThamesWheatley Retail ParkWiganWolverhampton

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Content Source: information.sky.com

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