Wilko rescue deal fails sparking huge job loss fears

TL;DR

All of its 400 stores across the UK will close by early October, the GMB union has said. The BBC understands that the stores will be rebranded as B&M shops, although it is not clear yet whether any jobs will be saved or if Wilko workers will be given preference if they apply for roles at the B&M shops. "Wilko had already borrowed millions from restructuring specialist Hilco, cut jobs and rejigged its leadership team and sold off a distribution centre as it struggled with rising costs and keeping shops fully stocked

Like summarized versions? Support us on Patreon!