Homebase Limerick jobs under threat

first_imgLimerick on Covid watch list Advertisement Twitter TAGSbusinessLimerick CityNews Exercise With Oxygen Training at Ultimate Health Clinic Linkedin JOBS at the Limerick Homebase store are under threat after its owners, Hilco Capital announced it would close three Irish stores in 2019.Hilco Capital, a British firm specialising in restructuring and refinancing other companies, acquired the struggling retail chain from Australian company Wesfarmers for £1 and last June said that it would close up to 60 stores in the UK with the loss of 1,000 jobs.Sign up for the weekly Limerick Post newsletter Sign Up Today, Tuesday, August 14, Hilco announced that it would close 42 stores across the UK and Ireland.30 people are employed at the Limerick branch.300 jobs were lost at its Milton Keynes headquarters but Hilco, who also owns HMV, said that it was looking to turn around the fortunes of the retail chain that sold for £350million two years ago.Homebase has 250 stores and a workforce of just over 11,000 people throughout its networkThis Tuesday, the retailer said that its current store portfolio in the UK and Ireland is “no longer viable” due to unsustainable rental costs.At the end of this month, creditors will vote on the proposals but it will be “business as usual” until then. Previous articleLimerick string sing out for IrelandNext articleLimerick FC handed home draw against first division Cabinteely in the Irish Daily Mail FAI Cup Staff Reporterhttp://www.limerickpost.ie Ann & Steve Talk Stuff | Episode 29 | Levelling Up Facebookcenter_img Email Thefts of catalytic converters on the rise #crimeprevention Limerick businesses urged to accept Irish Business Design Challenge Print NewsBusinessHomebase Limerick jobs under threatBy Staff Reporter – August 14, 2018 1944 RELATED ARTICLESMORE FROM AUTHOR WhatsApp TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type!last_img read more

Continue reading