LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Sunak pledges to support Wilko staff after the chain was ‘mismanaged for years’

Philip Roth by Philip Roth
September 13, 2023
in UK
Sunak pledges to support Wilko staff after the chain was ‘mismanaged for years’
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Charges dropped against activists accused of disrupting Gal Gadot filming in London

Commuters stunned after ‘knifeman’ rampages through south London Tube station

Forbes makes plea to UK Government after closure plans for ‘cornerstone’ plant

The Prime Minister has pledged to support 12,500 Wilko staff who are being made redundant after the collapse of the chain.

Tory former minister Brendan Clarke-Smith who has urged the government to safeguard their pensions and to hold Wilko owners accountable for the administration.

Clarke- Smith said during Prime Minister’s Questions, “This week we were hit by the devastating news that all Wilko stores would be closing, meaning the loss of 12,500 jobs.

“Bassetlaw and Worksop are the home of Wilko’s HQ and a distribution centre, with 1,500 jobs set to go.”

The MP said that “Wilko has been mismanaged for years.

“Can the Prime Minister reassure my constituents and all those nationally affected by the demise of Wilko that he and the Government will do everything in their power to help support people into jobs and make sure their redundancies and pensions are protected, and that we will take whatever action is available to us to hold the ownership to account?”

Rishi Sunak told MPs in the House of Commons on Wednesday, “As he knows, some of the topics that he raised will be commercial matters for the company.

“I do know that this is a concerning time for workers at Wilko.

“The Business Secretary is keeping close to developments and we have already started supporting those who have been made redundant, and we stand ready to support others to the fullest of our abilities.”

The GMB Union has accused Wilko bosses of running the business “into the ground” and the administration of the company is a “tragedy without a cause.”

Nadine Houghton, national officer for the GMB union, said this week, “Due to the incompetency of Wilko bosses the deal has now run out of time.

“If the owners had been transparent and honest, thousands of loyal Wilko workers may not now be in this awful position.

“This is another devastating blow for them, who have seen their lives and futures gambled on the whims of millionaires and billionaires.

“Wilko bosses should be ashamed that this once great family business now appears to be beyond saving.”



Source link

Share30Tweet19
Previous Post

Chinese EVs hit with EU probe after massive surge of cheap electric vehicle imports

Next Post

Bank stocks have come to life recently. But Jim Cramer explains why the rally may not last

Philip Roth

Philip Roth

Recommended For You

Charges dropped against activists accused of disrupting Gal Gadot filming in London
UK

Charges dropped against activists accused of disrupting Gal Gadot filming in London

November 18, 2025
Commuters stunned after ‘knifeman’ rampages through south London Tube station
UK

Commuters stunned after ‘knifeman’ rampages through south London Tube station

November 18, 2025
Forbes makes plea to UK Government after closure plans for ‘cornerstone’ plant
UK

Forbes makes plea to UK Government after closure plans for ‘cornerstone’ plant

November 18, 2025
How the Premier League leverages its data for premium products and services – London Business News | London Wallet
UK

How the Premier League leverages its data for premium products and services – London Business News | London Wallet

November 18, 2025
Next Post
Bank stocks have come to life recently. But Jim Cramer explains why the rally may not last

Bank stocks have come to life recently. But Jim Cramer explains why the rally may not last

Related News

Square offers Bitcoin payments for merchants as crypto adoption accelerates

Square offers Bitcoin payments for merchants as crypto adoption accelerates

October 8, 2025
Tesla prepares to support third-party apps – Tesla App Store coming?

Tesla prepares to support third-party apps – Tesla App Store coming?

June 28, 2023
Election betting market Kalshi to take USDC deposits

Election betting market Kalshi to take USDC deposits

October 28, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?