McColls puts 1,300 jobs at risk with plans to shut 132 stores
Morrisons has announced that around 1,300 McColl’s workers are facing redundancy, as it prepares to close loss-making stores.
The supermarket giant rescued McColl’s earlier this year in a £190m deal when it was on the brink of collapse.
Around 1,300 McColl’s workers have been put at risk of redundancy as part of proposals from Morrisons to shut 132 loss-making stores. The stores have been identified as having “no realistic prospect of achieving a breakeven position in the medium term,” with closures anticipated in “an orderly fashion” over the remainder of the year.
While some of the stores will be able to return to profitability “over time,” the majority of the 132 will be shut.
“We are now able to begin the urgent journey to transform McColl’s into a viable, well-invested and growing operation,” David Potts, Morrisons chief executive, said.
Morrisons also set out plans to bring the total number of its smaller format Morrisons Daily stores to more than 1,000 within two years, speeding up an existing conversion programme.
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