Jun 19, 2018

Poundworld cuts 98 head office staff in Normanton

Poundworld has axed 98 jobs from its head office as administrators struggle to find a buyer for the discount retailer. The job cuts at the office in Normanton, West Yorkshire, come after the business collapsed last week, putting a total of 5,100 jobs at risk. Its administrator Deloitte has now been forced to make 98 staff redundant. TPG said putting the business into administration was a "Difficult decision", and that the retailer was affected by a decline in the UK retail sector. Several retailers have collapsed into administration this year, with both Maplin and Toys R Us disappearing from the UK. House of Fraser has also detailed plans to shut 31 stores, affecting around 6,000 jobs.

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