Maplin administrators make 66 staff redundant as electronics chain continues to struggle
PUBLISHED: 15:23 22 March 2018 | UPDATED: 15:23 22 March 2018
Administrators to collapsed electronics retailer Maplin have made a further 66 staff at the firm’s head offices redundant, with the fate of 2,500 more jobs still uncertain. The group, owned by private equity firm Rutland Partners, called in PwC last month after attempts to rescue the chain failed.
Staff at Maplin’s offices in London and Rotherham will be affected by the cull which brings the total number of redundancies to 129 following 63 job losses announced earlier in March.
A total of 2,500 jobs are at risk if a buyer cannot be found and Maplin’s 217 stores, including those in Norwich, King’s Lynn and Lowestoft, are shut.
Maplin collapsed into administration, on the same day as fellow retailer Toys R Us, after failing to find a buyer to rescue the chain.
It comes after a period of tough trading for high street stores amid a challenging market with price pressures and competition coming from online retailers.