In the News

UK / Blockbuster: 760 jobs to go

Collapsed DVD and games rental firm Blockbuster is to close 129 of its 528 stores in the coming weeks and make 760 of its 4,190 employees redundant , its administrator confirmed today.

Thirty-one stores have already been put on notice of closure with a number of closing-down promotions announced.

Lee Manning, of administrator Deloitte, said: “Having reviewed the portfolio with management, the store closure plan is an inevitable consequence of having to restructure the company to a profitable core which is capable of being sold.

“We would like to thank the company’s employees for their support and professionalism during this difficult time.

“We are also grateful to the customers for their continued support.”

The administrator said an employee helpline and an “employee assistance programme” are in place to help staff find other jobs.

The firm’s trading woes were blamed on competition from internet firms and digital streaming of movies and games.

Choosen excerpts by Job Market Monitor from

'HSBC jobs cut_ 2,000 UK staff expected to lose their jobs - Mirror Online' - www_mirror_co_uk_news_uk-news_hsbc-jobs-cut-2000-uk-805300

via Blockbuster: 760 jobs to go and 129 stores to close – Mirror Online.

Related Post

Scotland / Blockbuster / 300 jobs at risk

POSTED BY  ⋅ JANUARY 16, 2013 ⋅ LEAVE A COMMENT

THOUSANDS of jobs are at risk after DVD rental firm Block-buster UK yesterday became the latest high street chain to go into administration. The company, which employs 4,190 staff, including more than 300 in Scotland, follows music retailer HMV, which called in administrators earlier this week. The Uxbridge-based business, which opened its first store in … Continue reading »

 

About these ads

Discussion

Trackbacks/Pingbacks

  1. Pingback: US / Blockbuster to shed thousands of jobs « Job Market Monitor - January 22, 2013

  2. Pingback: UK / Blockbuster to cut 452 jobs and close 72 UK outlets | Job Market Monitor - November 14, 2013

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor via Twitter

Categories

Archives

Follow

Get every new post delivered to your Inbox.

Join 1,635 other followers

%d bloggers like this: