3000 Comet job losses expected

Administrators for the electrical retail chain Comet has announced 125 store closures, which is expected to trigger around 3,000 job losses. Around 330 jobs have been gone today.

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Business as usual at Comet as search for buyer begins

Electricals chain Comet has collapsed into administration, but customers and the group's 6,600 staff have been told it is business as usual amid plans to secure a rescue deal for the firm.

Administrator Deloitte - whose appointment was brought forward to today - said it was launching an "urgent" search for a buyer to protect jobs at the 236-outlet chain.All Comet stores will remain open and all staff will continue to be paid in the meantime, according to Deloitte.

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