Poundland Jobs at Risk as Andy Burnham Pledges Support for Workers

Poundland jobs at risk as Andy Burnham pledges support for workers

Poundland collapse fears put jobs at risk as retailer seeks rescue deal, with MPs urging the Government to protect workers and stores across UK and Ireland.

Poundland situation dubbed 'disgraceful' as bidder retries takeover

Andy Street, the former managing director of John Lewis and former Mayor of the West Midlands, is the latest to criticise the handling of rescue talks - as thousands of jobs hang in the balance.

Poundland bidder tells administrator it remains keen on rescue deal

The Northern Irish company attempting to stage a solvent rescue of Poundland has told the discount retailer's administrator-in-waiting that it remains keen on a deal which could save more than 10,000 jobs.

Government warns Poundland owner over potential intervention amid administration threat

Poundland owner Gordon Brothers has been warned it could face government intervention due to mounting concerns over the chain’s future, and claims that a rescue bid was rejected. Business Secretary Jonathan Reynolds said ministers were urgently seeking answers from the US investment firm over its handling of Poundland, which has around 600 stores and employs...

Poundland founder warns 30,000 jobs could be lost as retailer faces administration

Poundland founder Steve Smith has warned that as many as 30,000 jobs could be lost if the discount retailer collapses, as a dispute over potential rescue bids intensifies following theRead More...

Poundland Rescue Hopes Revived As Bidder Reaffirms Takeover Interest

Poundland could still avoid administration after a potential buyer reaffirmed its interest in acquiring the struggling discount retailer in a deal that would safeguard more than 10,000 jobs. According to Sky News, Northern Ireland-based Martin Property Group (MPG) contacted restructuring (more…) The post Poundland Rescue Hopes Revived As Bidder Reaffirms Takeover Interest appeared first on KamCity.