Breaking news: jobs at risk as Wilko goes into administration

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High street homewares retailer Wilko has failed to find a financial rescue for its 400 stores and has today filed for bankruptcy, putting 12,000 jobs nationally at risk.

Wilko has two stores in Bedford Borough, one on Bedford’s high street the other at Kempston’s Interchange Retail Park.

Mark Jackson, CEO, said they had “left no stone unturned” in trying to save the business. Adding, they “…must concede that with regret, we’ve no choice but to take the difficult decision to enter into administration.”

However, the GMB union says this could have been avoided.

speaking to the BBC, GMB’s national officer Nadine Houghton said: “GMB has been told time and time again how warnings were made that Wilko was in a prime position to capitalise on the growing bargain retailer market, but simply failed to grasp this opportunity”.

There is hope another company could now purchase parts of Wilko, such as some of its stores.

This is a breaking news story. More may be added as further information becomes available.

 
 
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