Morrisons is set to close five McColl's sites in Bristol as part of a new investment plan. Dozens of jobs are at risk in Bristol after the supermarket revealed proposals to shut 132 loss-making stores nationwide in the convenience chain it saved from administration earlier this year.
In May this year, 18 Bristol stores were saved by Morrisons after the supermarket chain won a battle with a rival bidder to buy the struggling business. At the time, the supermarket chain said it would guarantee to keep all the stores open and retain all the staff - and pay workers at least £10 an hour.
But on Tuesday (November 1), Morrisons unveiled its plans to overhaul the convenience retailer after competition regulators said last week that they were set to be given the green light on the takeover. Morrisons said it expects some McColl’s stores to return to profitability as part of its turnaround plans, but identified that there were “132 stores where there is no realistic prospect of achieving a breakeven position in the medium term”.
