Government urged to hold talks with unions and retailers to protect chores as companies fail to find buyers
Toys R Us and Maplin have entered administration on the same day, putting more than 5,000 jobs at risk at two of the UK’s best-known retailers.
Administrator Moorfields said it was managing an” orderly wind-down” of Toys R Us, which has about 3,000 staff, while PwC has been appointed to oversee the administration of Maplin, which applies 2,500 people.
Labour called on the government to hold urgent talks with trade unions and the companies to ensure that jobs are safeguarded and address weakness in the retail sector.
Moorfields said it still holds out hope of procuring a last-minute buyer for all or part of Toys R Us, with its newer stores most likely to attract interest.
Simon Thomas, a partner at Moorfields, said:” All stores remain open until farther notice and stock will be subject to clearance and special promotions .”
” We’re fostering a user to redeem their gift cards and vouchers as soon as is practicable ,” he said adding that customers should do so as soon as possible, before any store closes take effect.” We will stimulate every effort to secure a buyer for all or part of the business.
” Whilst this process is likely to affect many Toys R Us faculty, whether some or all of the stores will close remains to be decided. We have informed employees about the process this morning and will continue to keep them updated on developments .”