Wilko collapses into administration | Consensus HR – Herts, Beds
Wilko has called in administrators, putting more than 12,000 jobs at risk after failing to secure a rescue deal. The family-owned retailer, with about 400 stores, is expected to close dozens of outlets, leaving significant gaps on high streets. Administrators from PricewaterhouseCoopers are expected to continue to seek a buyer for at least part of the business after their appointment. Mark Jackson, the retailer’s chief executive, said: “We left no stone unturned when it came to preserving this incredible business but must concede that with regret, we’ve no choice but to take the difficult decision to enter into administration.” He added: “We’ve all fought hard to keep this incredible business intact but must concede that time has run out and now, we must do what’s best to preserve as many jobs as possible, for as long as is possible, by working with our appointed administrators.”
Our HR Comment: – Wilko collapses into administration
Matthew P Chilcott, FCIPD, ACEL, Owner of Consensus HR comments: “This is such a shame as it is with any business when it comes to. having to make such a hear decision and in this case having to call in the Administrators due to not finding a secure deal. In these instances, as with any instances that involve employees, needs to be managed professionally, to best practice and the law. It reminds me of when I worked for a short while for a well-known retail company who needed to change the companies Terms & Conditions of Employment and making a range of changes to ensure the success of the business going forward. It is never easy for anyone whether you are an employee or a member of the Management team, everyone is affected in one way or another and I wish the team at Wilko all the best in these difficult times.”
YOUR OUTSOURCED HUMAN RESOURCES DEPARTMENT.
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