UK mobile retailer to potentially shed thousands of jobs

One of the UK’s largest mobile phone retailers has entered administration earlier this week, putting no less than UK 5,596 jobs at risk, a news report on the matter was able to reveal.

Phones 4u was forced to call in administrators from PwC after all the company’s mobile network partners announced that they would not be renewing their current contracts when they expire next year.

All of the company’s 550 standalone stores were closed yesterday, and the retailer’s website was offline while administrators discussed the future of the business.

The employer said it intended to pay its staff until further notice, and PwC confirmed its main priority was to secure finance to pay all outstanding wage arrears.

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