MyLocal goes from Morrisons, to administration
Convenience shop chain, My Local, is going into administration by its owners, a mere nine months after Morrisons sold it.
This should be completed in the next couple of weeks, and the company's 1,650 staff were told about the whole affair at a briefing yesterday.
There's hope that a lot of the staff at My Local will not have to find a new job, even if a new buyer isn't found. This is thanks to Morrisons, who may offer all the staff roles with them.
Joanne McGuinness, national officer at union USDAW, said: "My Local staff are devastated by the news that the company is going into administration."
"Having been sold by Morrisons last year, there was a mood of optimism that the new owners could turn around the business."
"We are talking with the company in a bid to save jobs and get the best deal for staff. In the meantime, USDAW is providing the support, advice and representation they need at this unsettling time".
Administrators at KPMG are going to try and sell the business, once they are officially in charge, but if that fails to work out, then the stores look like they'll be going the same way as BHS.