McColl’s jobs at risk after Morrisons reveals plans to shut stores


Some 1,300 McColl’s jobs at risk after new owner Morrisons reveals plans to shut 132 loss-making stores

Around 1,300 McColl’s jobs have been put at risk after Morrisons revealed proposals to shut 132 loss-making stores in the convenience chain it bought this year.

The supermarket sealed an agreement deal to buy its troubled rival for £190m in a rescue deal in May.

Morrisons has unveiled plans to overhaul the firm after competition regulators said last week they were set to clear the buy-up.

Takeover: Morrisons sealed a deal to buy its troubled convenience store chain for £190m in a rescue deal in May

Bosses expect some McColl’s stores to return to profitability as part of its turnaround.

Bradford-based Morrisons, which itself was bought in a £7bn deal last year, said all staff at risk from the closure plans will be offered roles elsewhere in the company.

It will also convert McColl’s stores to its own Morrisons Daily brand.

Joseph Sutton, Morrisons convenience, online and wholesale director, said McColl’s had ‘strong potential’, but he added: ‘We have a great deal of work to do.

‘We very much regret the proposed closure of 132 loss-making stores, but it is an important step towards the regeneration of the business.’

Read more at DailyMail.co.uk