AI summary
Poundland’s owners are moving toward administration, threatening 12,000 jobs, prompting union Usdaw to urge them to reconsider the decision.
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Union in plea to save Poundland from administration, with 12,000 jobs at risk
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Owner Gordon Brothers files notice of intent to begin process after rejecting management-backed rescue bidBusiness live – latest updatesThe shop workers’ union Usdaw has urged Poundland’s owners to reconsider a decision to prepare the budget chain for administration, putting up to 12,000 jobs at risk.Gordon Brothers filed a notice of intention to appoint administrators to Poundland at the high court on Thursday, with the advisory firm AlixPartners lined up to run the process. Continue reading...
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