Sunday, September 24, 2017

Morrisons offers My Local staff a lifeline

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Former My Local owner Morrisons has offered to rescue 1,658 jobs after the retailer announced its intention to put the firm into administration on Tuesday.

My Local owner Greybull Capital has assigned KPMG to act as its administrator as it closes over 100 stores across Britain.

Morrisons has said that if a buyer for the chain is not found, it will offer its former staff jobs at the supermarket.

KPMG will attempt to sell the business as a whole, however if a suitable buyer is not accepted, stores will be sold off individually.

It is understood that Co-op’s convenience decision has acquired five stores and Sainsbury’s has added one site to its estate.

“We are saddened and disappointed to learn that My Local is about to enter administration” Morrisons said in a statement.

“We want to help our former colleagues who now work for My Local.

“We can therefore confirm that if no buyer is found, and stores close, we will welcome our former colleagues back to a job at Morrisons.”

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