An additional 9,100 Wilko staff 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.
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 line with the GMB.
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 numerous and intensive efforts of each ourselves and Putman Investments – the remaining get together focused on shopping for a major a part of the enterprise as a going concern – a transaction couldn’t be progressed because of the incapacity to cut back central infrastructure prices shortly sufficient to make a deal commercially viable.
“The dedication shown by all team members during this period has been hugely humbling and we are grateful for the patience and understanding they have shown.
“As with those that have already been given discover of redundancy, we are going to information and help these group members impacted over the approaching weeks via the redundancy claims course of.
“We also continue to collaborate closely with relevant agencies and engage with any potential employers to help facilitate a quick return into new employment for those impacted.
“We proceed to work with potential patrons for various elements of the enterprise and are assured of finishing transactions within the coming days.”
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Source: information.sky.com”