Ruffled Feathers at Peacocks

January 23, 2012 by · Comments Off on Ruffled Feathers at Peacocks
Filed under: Administration, Retail, Unemployment 

Nearly 50% of jobs at Peacocks HQ in Cardiff have been axed since Tuesday 18th January when Administrators, KMPG, were called in to deal with the struggling clothes retailer. They have announced that 249 redundancies have taken place leaving only 266 staff at the Head office. All stores remain open and will continue to ‘operate as normal’ while the search for a buyer continues in earnest.

Don’t Pay the Ferryman

January 10, 2012 by · Comments Off on Don’t Pay the Ferryman
Filed under: Uncategorized 

By order of a French Court, the Tribunal de Commerce, SeaFrance went into liquidation yesterday Monday 9th January. After going into receivership in 2010, and the rejection of the workers co-operative plan to try and save the company, the court decided that none of the options were ‘financially viable’. Hundreds of jobs will be lost in Kent, Dover and France. There is already speculation over possible buyers of SeaFrance including a potential bid from Eurotunnel.