Phones 4u closes 362 stores making 1,697 staff redundant

Phones 4u closes 362 stores making 1,697 staff redundant

Phones 4u’s remaining 362 stores are to close with 1,697 staff losing their jobs, after administrators failed to find buyers for the rest of the estate.

Another 720 staff are also facing redundancy once the business is wound down, bringing the total number of job losses to over 2,400.

Only 358 stores, including 160 concessions bought by Dixons Carphone, have been sold, saving around 2000 jobs since Phones 4u went into administration last week.

Vodafone, which triggered Phones 4u's demise when it pulled out of its trading agreement with the company, bought 140 stores and retained the staff. EE, which also cancelled its trading agreement, shortly after Vodafone, took on 58 stores and staff.

A statement from Phones 4u’s administrators said that ‘limited interest’ in the stores meant that the rest of the retail estate would be closed.

It added that another 720 people have been retained in the short term to assist with the closure programme, bringing the total of job losses to 2,417.

Rob Hunt, joint administrator and PwC partner said: ‘It is with much regret that we have today made the difficult decision to close a large number of stores. It is a very sad day for the staff working at those locations and our thoughts are with them. We will make every effort to help the affected staff, working with the Phones 4u HR team over the coming days to support employees.’

The statement also confirmed the transfer of more than 2,000 staff working in 198 P4U stores and 160 concessions. ‘The transaction was subject to court approval which has now been received and these transactions are now being finalised,’ the administrators added.


Please wait...

Please write code to prove you're human