Remaining stores culled with 720 staff members being retained in ‘short term’ to help with closure
Nearly 1700 jobs have been axed as administrators, PricewaterhouseCoopers, confirmed that the remaining 362 Phones 4u stores will not reopen.
The retailer collapsed last week following the breakdown of negotiations with EE and Vodafone regarding the renewal of its airtime distribution agreement with both parties.
Vodafone had previously announced that it would purchase 140 of the stricken retailer’s stores saving 900 jobs, while EE announced yesterday (September 22) it was buying 140 stores retaining 359 members of staff.
Additionally, Dixons Carphone assumed control of the 160 Phones 4u concessions outlets in Currys/PC World stores saving 800 jobs.
However, PwC has now sounded the death knell for the other outlets which were unattractive to EE and Vodafone. 720 members of staff will be work for the company in the ‘short-term’ to help deal with the closure.
“It is with much regret that we have today made the difficult decision to close a large number of stores,” said joint administrator Rob Hunt.
“We will make every effort to help the affected staff, working with the Phones 4U HR team over the coming days to support employees.”