The future of Wilko’s 400 shops and 12,500 workers are at stake
Potential job cuts at Wilko could be restarted on Thursday at Wilko if a suitor for the entire retail business fails to supply the necessary details, a union has said.
It is understood that private equity firm M2 Capital has made a £90 million offer to buy the retailer and pledged to retain all jobs for two years. Administrators at PwC had paused redundancies as it sought final details, amid efforts to secure the future of Wilko’s 400 shops and 12,500 workers. “If this is the case, then the redundancies which were paused yesterday are likely to be restarted tomorrow.
The union, which represents over 3,000 Wilko workers, is meeting with the administrators again on Thursday.
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