450 staff at Woolworths have been made redundant as administrators from
Deloitte take drastic steps to put the ailing retail giant into decent shape for
Last week, the troubled high street chain had a massive clearance sale which
generated its biggest ever day’s trading, but insolvency practitioners at
Deloitte have still had to make major cuts to its workforce.
The staff affected work at Woolworths’ London HQ and another office in
The Independent reported that some staff will receive redundancy cheques of
just £385 for each year of service.
Neville Kahn, the joint administrator at Deloitte, said that he expects
stores will remain open beyond Christmas and that staff will be paid in full. He
added: ‘We have today launched Woolworths’ biggest ever sale, which is
complementary to and will not adversely impact upon our efforts to sell the
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