Central Business

Tufan Erginbilgic, who was appointed as chief executive in January, said the shake-up will make the firm ‘more streamlined’.

Administrators are discussing a potential deal which could save around 300 of 400 Wilko shops and around 8,000 of 12,500 jobs.

The GMB said this would mark the first time workers at the retail giant would have formal union recognition for collective bargaining.