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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Wilko job cuts to begin next week after £90m bid falls through

Wilko M2 Doug Putman HMV United States
A branch of the discount retail homeware store Wilko is seen in London
M2 Capital, a Anglo-Canadian finance group, is believed to be the only bidder that has pledged to take on Wilko’s support staff as well as its stores. Photograph: Toby Melville/Reuters

Job cuts at Wilko’s head office and warehouses are to begin on Monday after a surprise £90m bid for the discount retailer fell through.

Almost 270 jobs at the group’s head office in Worksop in Nottinghamshire will go on Monday with more job cuts to follow at its distribution centres there and in Newport, south Wales, next week. Kin, the group’s in-house product development arm, is also being closed with the loss of 14 jobs.

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