Toys R Us’ UK distribution centre closed today making nearly 100 staff redundant as the failed retailer continues its “orderly wind down”.
Joint administrators Simon Thomas and Arron Kendall from Moorfields Advisory announced the closure of the retailer’s site in Coventry.
They added that the 98 staff who have now been made redundant have been informed and will be paid “up to and including their last day of employment”.
This follows the closure of 25 stores last week at the original locations earmarked as loss making in the company voluntary agreement (CVA) back in December.
According to administrators, the remaining 75 stores will remain open and continue to trade for the short term future, but they are expected to close over the next five to six weeks. Those that continue to trade are currently offering discounts of up to 40 per cent.
“It is with great regret that we have made the difficult decision to make 98 people redundant at the company’s distribution centre in coventry,” joint administrator Simon Thomas said.
“After it became clear that we would not be able to secure a buyer for the business, one of the major initial tasks was to transfer all of the remaining stock to the stores. With this now complete, we have been required to wind down operations at the distribution centre.
“We are grateful for the hard work of Toys R Us staff during this very difficult period. We are working closely with employees affected by the closure of the distribution centre to ensure they receive the support they need to assist with their claims for redundancy and other compensatory payments.”