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Wilko administrators confirm 1,300 job cuts at the collapsed UK retailer

Published 05/09/2023, 16:32
Updated 05/09/2023, 16:46
© Reuters. A branch of the discount retail homeware store Wilko is seen in London, Britain, August 3, 2023. REUTERS/Toby Melville/File photo
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LONDON (Reuters) - Administrators of British homeware and household goods discount retailer Wilko plan to lay off over 1,300 jobs at the collapsed chain, PwC said on Tuesday.

© Reuters. A branch of the discount retail homeware store Wilko is seen in London, Britain, August 3, 2023. REUTERS/Toby Melville/File photo

PwC said in a statement that 52 stores would be closed, resulting in 1,016 job cuts, while a further 299 redundancies would be made at two distribution centres.

Discount retailer B&M said earlier in the day that it would buy 51 stores of Wilko, which entered into administration last month after failing to secure emergency funding.

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