Morrisons have announced on Tuesday afternoon that 1,300 jobs are at risk as they are proposing to close “132 loss making” McColl’s stores.
In May Morrisons bought out the rival McColl’s for £190 million in a rescue deal and earlier this year they announced administration is becoming “increasingly likely.”
Joseph Sutton, the company’s convenience, online and wholesale director, said, “We very much regret the proposed closure of 132 loss-making stores but it is, very sadly, an important step towards the regeneration of the business.
“I am confident that McColl’s can, in the Morrisons family, once again become a growing, thriving and vibrant convenience business serving local communities across the UK.”
Sutton added, “We have a great deal of work to do but there’s no question that McColl’s is a business with strong potential.
“I’m confident that the combination of McColl’s conveniently located stores and great colleagues together with Morrisons scale, brand, systems and fresh food expertise will lead to a transformation of the business.”
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