1,370 Jessops staff lose jobs
Friday 11 January 2013
Printable
EmailMore than 1,300 staff at stricken camera retailer Jessops will lose their jobs as administrators said today they were closing all 187 stores.
PriceWaterhouseCoopers said it has started closing all Jessops shops, axing a combined 1,370 jobs.
It said the high street chain was simply unable to keep trading despite "extensive discussions with suppliers."
However job losses were only "likely" at the company's head office in Leicester.
"This is an extremely sad day for Jessops and its employees," said PWC's Rob Hunt, who is handling the liquidation.
"We are very grateful for the support we have received since our appointment and we will continue to ensure that employees are paid as they assist us during the closure," he said.
Jessops has suffered from online competition and the boom in camera phones, which has hit demand for digital cameras.
If you appreciated this article then please consider donating to the Morning Star's Fighting Fund to ensure we can keep developing your paper.
Editorial
Exploit Tory woes, Labour
Lord Feldman says that he didn't call grassroots Tories "mad swivel-eyed loons" while his accusers stand by their stories that he did.
Features
Let's get Britain back on track
As Aslef's annual assembly of delegates begins in Edinburgh tomorrow the general secretary explains the challenges his members - and workers across the country - face
The vicious cycle of eurozone decline
France is the latest to face clamour from the EU to enforce crippling 'structural reforms.' The medicine is killing the patient