South East Wales

Comet axes 51 jobs at Chepstow delivery network hub

A man speaks on his phone outside a Comet store in Burton upon Trent
Image caption Most Comet stores will stay open as buyers for them are sought

The insolvent electrical chain Comet is cutting 51 jobs from its home delivery network hub at Chepstow, Monmouthshire, administrators Deloitte have said.

They are among more than 700 Comet redundancies announced on Monday, more than 600 at 12 distribution hubs.

There have been no job losses at Comet stores so far but Deloitte warned up to 41 may close by the end of November unless a buyer can be found.

Closing down sales have already begun in 27 stores, including Wrexham.

Deloitte joint administrator Chris Farrington said discussions continued with parties interested in parts of the business but that it was necessary to begin a store closure programme and to scale back the company's support functions.

He added: "While we will continue to do all we can to preserve jobs, we are working hard to put in place comprehensive support to help those employees who are made redundant during the administration."

A closing down sale with increased discounts has begun in 27 stores and a further 14 stores may be identified for closure in the coming days unless a buyer can be found or new terms agreed with landlords.

And deeper discounts will be applied to products across all Comet stores from Tuesday.

The collapse of Comet marks one of the biggest high street casualties since the demise of Woolworths in 2008 and came a month after the failure of JJB Sports.

The locations of the other 14 stores which may have to close by the end of November have not been disclosed.

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