Full list of 145 Poundworld stores closing – as 300 more job cuts are confirmed
Poundworld is axing hundreds more jobs as it closes its head office, warehouse operations and another batch of stores.
The budget retailer is closing its warehouse and distribution network, alongside its head office in Normanton, West Yorkshire, leading to the loss of 300 jobs.
Administrators at Deloitte are also believed to be informing staff of another spate of store closures, having axed 145 already over the past two months.
It comes just hours after Gaucho and Cau restaurants filed for administration – with 22 branches set to be axed in a move that will cull the Cau brand entirely.
Poundworld fell into administration on June 11, placing more than 5,100 jobs at risk across its 335-store portfolio.
It appointed Deloitte to help secure a buyer after it emerged the business needed a significant cash injection.
Just days later, 100 head office redundancies were made along with 25 store closures at a loss of 342 workers.
A further 80 were then announced – and this week 40 more – taking the total number to 145. These branches are expected to shut by 24 July 2018.
Across the board 2,179 job cuts have been made across the high street chain to date.
But despite the changes – and Poundworld launching its ‘closing down sale’ – bosses claim it’s not the end for the retailer. Deloitte claims efforts to find a buyer are still at ‘development’ stage.
Clare Boardman, joint administrator, said: "We would like to thank all the employees for their continued support and commitment during this difficult time. We are keeping staff appraised of developments as they happen."
Clare Boardman and Daniel Butters, restructuring partners at Deloitte, were appointed as joint administrators to the Company on 11 June 2018.
At the time of appointment, the business operated from 335 stores and employed circa 5,100 people.
Locations of newly affected stores
Ashton Under Lyne
Full list of Poundworld stores closing this week
Bolton Breightmet Rp
Burton Upon Trent
Leeds Crown Point
Leeds Kirkstall Rd
The Poundworld stores that have already shut down
Derby West Field
Liverpool Bell Vale
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