Major job losses likely as no buyers emerge for Maplin

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Maplin

No credible offers have been made for Maplin, bringing its remaining 2500 staff in real danger of redundancy.

Following its plunge into administration late last month, PwC, which is handling the process, has failed to find any buyers for the technology retailer.

If an offer is not made by within the next few days, it is understood the retailer will be forced to begin shutting some of its 217 stores and ramp up redundancies.

Yesterday it was announced that 66 jobs had been cut at its head office in Rotherham and London, following another 63 the month before.

Maplin fell into administration on the same day as Toys R Us UK last month, and this month has yielded similarly worrying headlines for the wider retail sector.

Earlier this week, New Look approved a company voluntary agreement which will see 60 stores close and nearly 1000 staff lose their jobs.

Furthermore, Moss Bros, Mothercare and Carpetright have announced troubling financial figures, with potential store closures predicted.

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