EMCC European Monitoring Centre on Change

Wilko

Company/Organisation:
Wilko

Geographic Location

Country: United Kingdom
Region: Derbyshire and Nottinghamshire; East Midlands
Location of affected unit(s): Worksop

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.19 - Other retail sale in non-specialised stores

Employment Effects

Announcement Date: 23-10-2014
Planned Job Reductions min: 170
Planned Job Reductions max: 170
Type of Restructuring: Internal restructuring

Additional Information

High Street retailer Wilko has announced that up to 170 jobs could be lost at its head office. This represents about one quarter of the site's workforce. Consultation has been launched.  This is expected to conclude by April with redundancies anticipated. The consultation is known to affect a number of departments and cut across all salary levels at the Worksop-based head office.

The company, which was previously known as Wilkinson until its rebranding in April 2014 has suffered two years of declining sales and stagnant profits. Competition from other discount retailers is thought to be behind Wilko's recent poorer performance. The company operates 375 UK stores and also trades via its website.