Wilko is to start cutting jobs, letting go of its support staff such as HR on Monday and distribution staff later this week, the union that represents a third of its employees said, as the only bid to save its entire business collapsed.
The GMB Union said it had been told by administrators at PwC that “the one bid for the entire business”, understood to be from private equity firm M2, has fallen through, after the bidder “failed to provide the necessary evidence” to prove it could afford to buy the discount retailer.
