700 job losses at Woolies group distribution arm
MCV understands that workers at the Woolworths-owned distributor EUK have this morning been told that today is their last day in employment, following administrator Deloitte’s failure to find a buyer for the company.
It is understood that around 90 per cent of the workforce has been made redundant after a conference call with Deliotte, effective immediately. A skeleton staff remains in position for the time being.
The EUK news follows Woolworths closing down sale, which began yesterday.
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Comments
A Sad Day For Many
As one of the (almost) 700 who were sent home yesterday, this is only just starting to sink in. Nobody can believe that we've gone - how is it that Deloittes could not find a buyer for a blue chip, historically profitable business like ours? The Beginning of the End of Entertainment Wholesale as we Know it...
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