Friday, 19 September 2014
Vodafone Saves Phones 4U!
Nearly 900 jobs at collapsed retail chain Phones 4u were saved tonight after network operator Vodafone struck a deal to buy 140 stores.
However, administrator PwC said it had failed to prevent 628 redundancies among head office and telesales staff at Phones 4u's Staffordshire offices.
PwC is continuing talks with other parties regarding the purchase of assets and said it planned to retain a further 400 head office staff to assist with its work. It will release details of the 140 stores in the Vodafone deal on Monday. Huffpost