Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

BHS staff owed up to £12m in redundancy payouts

Staff at BHS are to receive up to £12m in statutory redundancy pay following the appointment of liquidators this week.

BHS

 

More than 11,000 staff are set to lose their jobs at the high street chain after administrators Duff & Phelps failed to secure a buyer for the business.

The total payout to staff is expected to be between £8m and £12m, to be paid by the government.

BHS employs around 8,000 people and has 163 stores across the UK. There are a further 3,000 people on contracts but not directly employed.

Duff & Phelps said, despite the multiple offers to buy the retailer, “none were able to complete a deal due the working capital required to secure the future of the company”.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.