Almost 1,700 jobs go at Phones4U
The administrator handling the collapsed Phones4U chain tonight announced that 362 stores will close with the loss of 1,697 jobs.
A further 720 staff have been retained in the short term to help with the closure programme.
PwC, which has found new jobs for more than 2,000 staff working in 198 stores and 160 concessions, said there was “limited interest” in the remaining outlets.
Rob Hunt, joint administrator, said it had been a “difficult decision” to close a large number of stores.
The chain was forced into administration when mobile operators Vodafone and EE ended contracts with the company. Both mobile firms have subsequently acquired some of the stores and re-employed staff. Dixons Carphone is also taking on staff employed in concessions.
P4U had an annual turnover in excess of £1bn.