BusinessBusiness RecoveryAllders cuts 680 jobs

Allders cuts 680 jobs

Stricken department store Allders is to cut 680 jobs after it failed to find a buyer for the company as a going concern, according to its administrators Kroll.

It said that 461 shop employees across all its stores had been made redundant in order to ‘remove overstaffing’.

A further 209 workers have been made redundant at the company’s Croydon headquarters in south London and from its logistics operations.

Allders continues to employ about 5,000 employees with an additional 4,300 working at in-store concessions.

Kroll said it was at an ‘advanced stage with bidders with regard to 34 stores and all 45 stores remain open’. It added that it had also agreed to make payments to the pension scheme of £58,000 a month until June this year.

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