17 jobs axed after Budgens announces Dagenham store closure
- Credit: Archant
A total of 17 jobs will be lost when Dagenham’s Budgens ceases trading on Sunday.
Today it was confirmed that the Becontree store in Green Lanes will stop trading after the supermarket’s owner Food Retailer Operations Limited (FROL) went into administration earlier this month.
Nine of the 34 Budgens stores will fold this weekend and 179 staff made redundant after no buyers were found for a takeover.
Joint administrator Mike Denny said: “Unfortunately, we have been unable to find buyers for these nine stores and it is not commercially viable to continue trading them.
“We are continuing to trade the rest of the stores, with a focus on engaging with interested parties and assessing options.”
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Mr Denny of PwC said they were working with former owners Co-op, USDAW and the “relevant government agencies” to ensure employees affected “receive the maximum levels of practical and financial support through the redundancy process”.
FROL had experienced difficult trading conditions since its acquisition of the stores from Co-op in July 2016.
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