Comet cuts 735 more jobs

Comet administrator Deloitte has announced a further 735 redundancies at the struggling electrical chain, including 603 jobs at its home delivery network.

Comet's administrator praises 'loyal' employees

Comet's administrator Deloitte has praised the stricken chain's employees for their "professionalism, loyalty and support" after announcing a further 735 redundancies.

Joint Administrator Chris Farrington said:

Discussions continue to take place with parties who have expressed interest in parts of the business.

However, it is unfortunately necessary to begin a store closure programme and to scale back the company’s support functions.

While we will continue to do all we can to preserve jobs, we are working hard to put in place comprehensive support to help those employees who are made redundant during the Administration.

Advertisement

Comet administrator warns of store job cuts

Comet's administrator has warned "there will inevitably be redundancies" at some of the stricken electrical chain's stores.

Deloitte said although there had been no redundancies made at its stores so far, the 869 employees who work at 41 Comet stores set for closure were at risk if a buyer cannot be found.

The company said:

A closing down sale with increased discounts has begun in 27 stores and a further 14 stores may be identified for closure in the coming days unless a buyer can be found or new terms agreed with landlords in the meantime.

At the same time, more generous discounts will be applied to products across all Comet stores from tomorrow.

Deloitte said it is hoping to redeploy staff from any stores that close to others nearby.

Comet's home delivery network most affected by cuts

Comet's administrator Deloitte said the further 735 redundancies at the electrical chain include 603 roles at its home delivery network.

A general view of a Comet store in Hendon, north London
A further 735 jobs have been cut at the beleaguered electrical chain Credit: Max Nash/PA Wire

Deloitte said in a statement, "Whilst the Administrators continue to search for a buyer for all or parts of the business, regrettably, it has been necessary to reduce the company’s back office and deliveries workforce".

The other 132 employees were made redundant from Comet’s head office and support functions.

This figure includes 57 redundancies at Rickmansworth, Hertfordshire; 17 employees in Hull; and 56 employees from the call centre in Clevedon.

The firm said the affected staff were told in meetings earlier today.