Woolworths' 807 stores to Close on January 5 If No Buyer Is Found
It was announced today by the BBC that all 807 of Woolworths stores will close on January 5, should no last minute buyer be found.
Not good news for the 27,000 employees, who will all lose their jobs on December 27 if administrators fail to find a buyer for the firm. According to The BBC:
Staff - who will be entitled to compensation under the statutory redundancy payment scheme - will be retained for a few days following store closures.
And considering what an appalling job they've managed so far with finding a proper buyer, this might very well happen. But some retailers have offered to take over the leases of 300 stores, in which case, the soon to be unemployed staff will be referred to these potential employers.
In the mean time, should we give The Woolies another chance for some last minute christmas bargaining? Perhaps the 200,000 copies of X-Factor winner Alexandra Burke's 'Hallelujah' available for sale? Will make up for that crappy "half price sale" last week will make up for it? Let's hope so, people!
TOPICS: High Street News