Headline: UNCAPTIONED: 2,000 jobs at risk after Homebase deal
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2,000 jobs at risk after Homebase deal. Over half of Homebase’s workforce faces uncertainty after the DIY retailer’s owners called in administrators following a failed sale attempt. Sky News reported that 75 of 130 stores are being acquired in a pre-pack deal by The Range, a merchandise retailer, potentially saving around 1,600 of the 3,600 jobs. However, 2,000 jobs remain at risk. Forty-nine stores will continue operating as administrators Teneo seek alternative buyers. The retail sector, already strained by increased tax and wage costs from the recent budget, has voiced concerns over rising inflation and job cuts. This deal marks the end of Hilco’s six-year ownership of Homebase, with the partial sale including stores in Ireland and Homebase’s e-commerce business.
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Keywords: Current Affairs & Politics,Homebase,jobs,2000,risk,deal,workfoce,uncertainty,acquired,Teneo,administrators,seek,alternative,rising inflation,Hilco,partial sale,Ireland,the Range,merchandise,retailer,stores,UK,wage costs,increased tax,e.commerce,business,DIY,potential,saving,operating,recent budget,government
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