BusinessBusiness RecoveryDeloitte administrators make 735 redundancies at Comet HQ

Deloitte administrators make 735 redundancies at Comet HQ

Administrators announce 735 redundancies in the head office, call centre and delivery network at Comet

DELOITTE ADMINISTRATORS have made 735 staff redundant at collapsed electrical retailer Comet.

Neville Kahn, Nick Edwards and Chris Farrington, all from Deloitte, were appointed joint administrators to the retailer, which is headquartered in Rickmansworth, on 5 November.

The joint administrators have announced that 735 redundancies are necessary in the company’s head office, and across its home delivery network. The administrators confirmed that 603 employees have been made redundant in the home delivery network; and 132 in its head office which includes 57 in Rickmansworth, 17 in Hull, and 56 in the call centre in Clevedon.

So far there have been no redundancies of staff working in the local stores, however it was announced earlier that up to 41 stores, with 869 full and part-time employees, are due to close before the end of November unless a buyer is found.

A dedicated employee helpline has been set up and an employee assistance programme to help staff made redundant find other jobs has been created.

Farrington said: “Discussions continue to take place with parties who have expressed interest in parts of the business. However, it is unfortunately necessary to begin a store closure programme and to scale back the company’s support functions. While we will continue to do all we can to preserve jobs, we are working hard to put in place comprehensive support to help those employees who are made redundant during the administration.

“This support includes connecting people to prospective employers who are keen to offer roles to ex-Comet staff, and providing assistance and workshops to help with job hunting skills, such as CV and cover letter writing and interview skills, to enhance their chances of securing new employment.”

Prior to its collapse Comet operated out of 236 stores and employed 6,611 full- and part-time staff, which is equivalent to 4,683 full-time staff. 

Related Articles

Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

2m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

3m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

3m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

3m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

5m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

5m Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

5m Emma Smith, Managing Editor
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

10m Emma Smith, Managing Editor