Morrisons offers threatened My Local staff jobs if no buyer found
22 June 2016
- From the section Business
The supermarket Morrisons has said it will offer jobs to most My Local staff in the event of the chain closing.
Morrisons sold the convenience store business last September.
Its new owner, the investment firm Greybull Capital, lined up administrators for the chain on Tuesday.
“If no buyer is found, and stores close, we will welcome our former colleagues back to a job at Morrisons,” the supermarket said in a statement.
A guaranteed job offer applies to those that worked at the chain when it was owned by Morrisons, although anyone hired in the interim will be considered.
“We are saddened and disappointed to learn that My Local is about to enter administration. We want to help our former colleagues who now work for My Local,” Morrisons said.
My Local, formerly known as Morrisons’ M Local, employs 1,650 people in approximately 130 stores.
It was sold to Greybull for £25m in a deal fronted by retail veteran Mike Greene, who appeared on Channel 4 show The Secret Millionaire.
The chain has struggled to compete in the cut-throat grocery sector, which is embroiled in a bitter price war.
KPMG has been appointed as administrator. It will try to sell the company as a going concern, but if that is not feasible, it may sell the individual stores off in batches, or they may be closed down.
The news follows the collapse of BHS and Austin Reed earlier this month.
This post was written by FSB News