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Administrators at Woolworths have given details of dates when each of the 807 stores will close over the next two weeks. By 5th January all stores are to be closed. The first of the stores are to close on 27th December. Unless a buyer can be found before then, all 27,000 staff are to lose their jobs. They will be entitled to compensation under the statutory redundancy payment scheme and will be retained for a few days following store closures.
Some stores are expected to reopen as retailers have expressed interest in purchasing leases on some of the stores.
Administrators Deloitte have said it is unclear how much debt will be paid, but it is clear that creditors and suppliers will not get paid in full.
Store Closures For Woolworths
Administrators at Woolworths have given details of dates when each of the 807 stores will close over the next two weeks. By 5th January all stores are to be closed. The first of the stores are to close on 27th December. Unless a buyer can be found before then, all 27,000 staff are to lose their jobs. They will be entitled to compensation under the statutory redundancy payment scheme and will be retained for a few days following store closures.
Some stores are expected to reopen as retailers have expressed interest in purchasing leases on some of the stores.
Administrators Deloitte have said it is unclear how much debt will be paid, but it is clear that creditors and suppliers will not get paid in full.
Nazare, Portugal
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