Staff at Debenhams are facing an uncertain future today, after the company confirmed it had started the liquidation process.
If completed, that would see the 242-year-old department store cease to exist, with all branches closed and 12,000 jobs lost.
As things stand, administrators are still looking for offers “for all or parts of the business”, and stores will reopen as planned on 2 December – but only to sell as much stock as possible in case buyers cannot be found.
“On conclusion of this process, if no alternative offers have been received, the UK operations will close,” the company said in statement.
And if they close, that means redundancy for staff.
Ross Meadows, Partner at Oury Clark solicitors, said: “If the employer is subject…
Read the full article at: https://www.mirror.co.uk/money/staff-rights-your-company-liquidated-23096959