![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/morrisons-to-shut-132-loss-making-mccolls-stores/&media=https://uknews.evprotec.com/wp-content/uploads/2022/11/0_robbery.jpg&description=We'll be bringing you the very latest updates, pictures and video on this breaking news story. Morrisons has announced plans to shut 132 "loss-making" McColl's stores today as it warned 1,300 workers are at risk of redundancy. The supermarket confirmed it would purchase the failing convenience store chain earlier this year as part of a £190million rescue deal. It comes after McColl's crashed into administration, threatening 16,000 jobs and 1,100 stores from closure. Morrisons hasn't said which sites are now being earmarked for closure, or when they would potentially shut. The retail giant said last month that it would sell off 28 stores, in a move that was accepted by the Competitions and Market Authority (CMA) as part of its probe into the takeover. The competition regulators said last week that it was set to clear the deal. Image: Getty Images) Getty Images) Joseph Sutton, Morrisons convenience, online and wholesale director, said: "We have a great deal of work to do but there's no question that McColl's is a business with strong potential. "I'm confident that the combination of McColl's conveniently located stores and great colleagues together with Morrisons scale, brand, systems and fresh food expertise will lead to a transformation of the business. "We very much regret the proposed closure of 132 loss-making stores but it is, very sadly, an important step towards the regeneration of the business. "I am confident that McColl's can, in the Morrisons family, once again become a growing, thriving and vibrant convenience business serving local communities across the UK."){kind=link}
Morrisons confirmed it would purchase the failing convenience store chain in May this year, as part of a £190million rescue deal – but it has now unveiled plans to shut 132 stores
Morrisons has announced plans to shut 132 “loss-making” McColl’s stores today as it warned 1,300 jobs are at risk of being axed.
The supermarket confirmed it would purchase the failing convenience store chain in May this year, as part of a £190million rescue deal.
It comes after McColl’s crashed into administration, threatening 16,000 jobs and 1,100 stores from closure.
Morrisons hasn’t confirmed which sites are now being earmarked for closure, or when they would potentially shut.