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Staff at the stricken Peacocks outlet in Stornoway may know later what the future holds for their jobs.

Redundancies are taking place across a large number of the fashion chain stores across the country after the firm went into administration yesterday.

The job cuts are part of a drive to try and sell the company as a going concern.

Administrators KPMG will keep the shops trading as much as normal as it is believed a takeover offer may be made for the business.

Peacocks runs a shop concession within the Macaulay Road Co-op in Stornoway which may be at risk of closure even if company is sold to a private investor. It is expected incoming management could cull a number of stores to save the rest of the business.  

Peacocks filed for administration after an earlier bid to rescue the debt-ridden chain failed on Monday.

The company was forced to make the move after the Government-owned Royal Bank of Scotland was said to have pulled the plug on a restructuring deal.

Peacocks runs a shop concession within the Macaulay Road Co-op in Stornoway. The clothes retailer opened on the islands just three years ago during an expansion phase.

The future of the Stornoway outlet is unclear. If it closes workers are unlikely to be offered employment with the Stornoway Co-op which has just made over 20 members of its own staff redundant, the last group left only two weeks ago.

 

 

 

Hebrides News - Stornoway Peacocks

 

Stornoway shop owner makes jobs cuts               19/1/12