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Barratts announces 1,610 redundancies

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Barratts announces 1,610 redundancies Empty Barratts announces 1,610 redundancies

Post by GD Fri 30 Dec 2011, 4:13 pm

The administrator of troubled shoe chain Barratts Priceless has said it has made 1,610 employees redundant.

The job losses are at the retailer's concessions within other stores in the UK and the Republic of Ireland.

Administrators Deloitte said selling the concession part of the business will "not be achieved".

However they are still trying to find a buyer for Barratt's 173 high street stores, which remain open. 18 store closures have already been announced.

Deloitte said it is working with the concession holders, which include department stores, to see if the former-employees could be re-employed in other parts of their businesses.(from BBC)
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Barratts announces 1,610 redundancies Empty Re: Barratts announces 1,610 redundancies

Post by karma Sat 31 Dec 2011, 10:35 pm

Worrying times all round :-(((
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