Further 9,100 Wilko employees to be made redundant after rescue deal collapses, administrators say

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Further 9,100 Wilko employees to be made redundant after rescue deal collapses, administrators say
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A further 9,100 Wilko employees will be made redundant by early October, administrators have said.

PricewaterhouseCoopers failed to reach a deal to save any significant 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 said.after it failed to find a buyer for them.B&M European Value Retailwhich are set to be rebranded. It is unclear if the discount chain will keep on or rehire any of the Wilko staff at the branches.

Zelf Hussain, joint administrator at PwC, said:"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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