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<\/p>\nSheffield store managers and staff are in the dark about their livelihoods after UK retailer McColl\u2019s went into administration today.<\/p>\n
The corner-shop retailer, which has four stores across Sheffield and employs 16,000 workers nationally, has been owned by Morrisons since 2017.<\/p>\n
One McColl\u2019s store manager told Sheffield Wire: \u201cIt\u2019s a bit premature to talk about it, we\u2019ve not heard anything. Minimum wage workers are always the last ones to know, it\u2019s Morrisons’ head office that should deal with it.<\/p>\n
“It\u2019s people\u2019s livelihoods that are at stake here.\u201d<\/p>\n
Elsewhere in Sheffield, McColl\u2019s store managers were more reluctant to offer a reaction to the potential loss of employment to shop workers.<\/p>\n
Another declared: \u201cWe\u2019ve been told we\u2019re not allowed to say anything,” while others declined to comment.<\/p>\n
<\/p>\n
Today a spokesperson for McColl’s UK confirmed the company had been placed into administration, with the immediate administrative custody of the company in the hands of professional services firm PwC.<\/p>\n
He said: “The Board was regrettably therefore left with no choice other than to place the Company in administration, appointing PriceWaterhouseCoopers LLP as administrators, in the expectation that they intend to implement a sale of the business to a third-party purchaser as soon as possible.”<\/p>\n
Yesterday evening, Morrisons have launched a last-ditch proposal to rescue McColl’s from administration.<\/p>\n
A change in owner is expected to happen soon, with the representative from McColl’s confirming members of the Board appeared in Court today to place the company into administration.<\/p>\n
Workers across McColl’s network of 1,265 stores across the UK are awaiting further news over the change in ownership.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sheffield store managers and staff are in the dark about their livelihoods after UK retailer McColl\u2019s went into administration today. The corner-shop retailer, which has four stores across Sheffield and employs 16,000 workers nationally, has been owned by Morrisons since 2017. One McColl\u2019s store manager told Sheffield Wire: \u201cIt\u2019s a bit premature to talk about […]<\/p>\n","protected":false},"author":48,"featured_media":41221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[6,133],"tags":[],"class_list":["post-40859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-top-story"],"yoast_head":"\n