UK Retailer Comet to Close All Stores, Lay Off 6,600 Employees

The end has finally come for UK retailer Comet, as it prepares to close the doors of all its stores in the region on Tuesday. Administrator Deloitte has confirmed to MCV that all of the remaining Comet retail stores will close their doors tomorrow (December 18th). Many of its stores closed for good over the weekend. This shutdown of its operations will result in the loss of an estimated 6,600 jobs just days before the Christmas Holiday. An estimated £2.1m will be paid out in holiday and back pay to employees.

While things look pretty bleak for employees and for the company, it is still possible that a buyer could be found for the Comet website, and there are rumblings that retailer Dixons may buy a handful of stores. Reports notes that Dixons has already hired around 1,000 former Comet workers for temporary Christmas positions.

More information on this story when we have it.

Source: MCV

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