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Industry News Articles

Fashion High Street Chain Peacocks to axe Jobs

20 January 2012

The troubled fashion retailer Peacocks is set to axe more than 200 staff.

After the company went into administration, administrators KPMG said 249 workers at its headquarters in Cardiff were going to lose their jobs.

The administrators said the cuts follow "a review of the staffing levels of the business."

Chris Laverty, a spokeperson from KPMG, said: "No stores have been closed and will continue to operate as normal whilst we search for a buyer for the business."

266 staff will continue to remain at the head office and work with the administrator while a buyer for the company is found.

Peacocks entered administration after apparently failing to persuade its lenders to agree to a debt-for-equity deal.

The fashion chain, which has 611 stores and 49 concessions in the UK, is owned by hedge funds Och-Ziff and Perry Capital.

Flexible Borer's FUSION Attendance Management System

If employees are asked to undertake different shifts or working patterns to the restructing of the company, then FUSION’s Time and Attendance System take this in their stride. Our FUSION Time and Attendance systems deal with all clocking matters, from simple collection of employees' clocking data, through to job costing and extensive labour hours analysis. Many working patterns – flexi-time, night shifts and overtime are easily created with the software.

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Access Control Systems using Power over Ethernet (PoE) Technology from Borer