Former Comet employees win share of multi-million pound settlement
Employment tribunal ruling said that Comet Â“failed to comply with its obligations to consult trade unions and representatives of employees affected by proposed redundanciesÂ”.
The final sum of the settlement could be more than £10m, which will be met by the taxpayer.
More than 2,000 former Comet employees filed a claim against owner Comet Group Limited and administrators Deloitte, following the retailer’s collapse in 2012.
The judgement, published on Thursday, says: "Mr Edwards, [counsel for the largest group of claimants] setting out the general case for the claimants, put the argument bluntly: 'As Mr Walters evidence makes clear, this was simply an old fashioned corporate raid that resulted in a number of private equity investors choosing to liquidate a 75-year-old British company, at a cost of almost 6,900 jobs in order to realise a quick and substantial profit.
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