Comet Slashes More Jobs As Troubles Continue
Struggling retailer Comet is to cut a further 735 jobs, administrator Deloitte has announced.
It said some 600 jobs have been lost from the company's home delivery network, which operates from 12 hubs across the UK.
It has made a further 57 employees redundant from Comet's head office at Rickmansworth in Hertfordshire, as well as 56 from a call centre in Clevedon.
A further 17 staff have been made redundant from an office in Hull.
The sites were also the subject of 330 redundancies announced by the administrator last week.
There have been no job losses to date at Comet stores, but Deloitte warned on Saturday that up to 41 stores may have to close before the end of this month.
The collapse of Comet marks one of the biggest high street casualties since the demise of Woolworths in 2008 and came a month after the failure of JJB Sports.
The group was hit by weak high street trading conditions, competition from online rivals and being unable to secure the trade credit insurance needed to safeguard suppliers.
In particular, it was knocked by the lack of first-time home buyers, who have been key customers for Comet, according to Deloitte.
The high street electricals market in the UK has come under huge pressure as cash-strapped shoppers put off purchases of big-ticket items, such as TVs and large appliances, and online rivals take a bigger slice of the sector.
Comet's administration comes just months after it was taken over by investment firm OpCapita, which bought the chain for a nominal £2 in February.
Angry staff at the chain have called for ministers to investigate the retailer's collapse and the way its former private equity owners ran the company.
what do you think?
What does that mean?
the man is mad
21st century and this country is finished
Cripes - that's a bit defeatist!
I have no complaints about the video camera I bought years ago which doesn't connect directly to my computer without a cable bought as an extra and when I phoned them about it, I got the answer, "You can't buy such a cable. OK, then, we don't like to sell those cables for your camera because you can only transfer a single image at a time in very low resolution and it takes so long to do so, it's not worth doing."
Cameron will go down in history as the man that destroyed this country
No- that was Tony B Liar and debt master Brown who wilfully and maliciously bankrupted Britain by waiting for the worst possible price to sell UK gold reserves.
thatcher sold the country . you go on about a bit of gold
I think the bankers had a hand in it you know
I feel so sorry for those people working in these places and who now find themselves looking for work in pretty hard times. Something should have been done so long ago - Comet's way of going about simple things was so far removed from that of other places and trips there were often no fun while "deals" were often transparently poor. Those at the top have really shafted those on the shop floor - many of whom have few qualifications and other skills, putting them right at the bottom of the employable pile. Not good enough!
No they are not great jobs and long hours and few employer rewards I suspect. I hope many either decide to retrain or find new jobs. It is very grim to be looking for work at the moment as you say.
Good news for currys, as for some unexplicable reason seem to always be next door to comet.i say this because comet has not kept up with competition.ie internet shopping, price or location.
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Comet failed us on the credit score when trying to buy a new cooker, just weeks after being allowed to buy a new house. We went over the road to Currys and bought one straight away. At another branch, when filling in some delivery details, the sales assistant said ''I bet you get some stick over your name'' ! I replied ''not until now'', tore up the paperwork and walked out. They are victims of their own incompetence.