Comet jobs threatened in business review

A Comet superstore
Image caption Comet has 248 stores and about 10,000 staff in the UK

About 450 jobs are under threat at electricals chain Comet in plans to reduce its repairs service.

A number of engineers across the UK could lose their jobs as well as an estimated third of a 414-strong workforce in Clevedon, near Bristol.

The company wants to reduce investment in its UK-wide repair service to allow a greater focus on its stores.

Chief executive Bob Darke said "significant savings" were required to secure Comet's long-term viability.

'Speedy decision'

"This in no way reflects the commitment and efforts of our employees," he added.

"Our first priorities are to reach a speedy decision and support those who may be affected by our proposal and we will make every effort to help them find alternative employment."

A three-month consultation period has begun with affected staff.

Comet, which has 248 stores and about 10,000 staff in the UK, was sold last week for a token £2 to private equity firm OpCapita.

Revenues fell 14.5% on a like-for-like basis between 1 November and 8 January, while it posted losses of £22m for six months trading last year.

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