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Date for Woolworths closing revealed

PUBLISHED: 10:05 23 December 2008 | UPDATED: 22:04 05 July 2010

THE final schedule for closing all 807 Woolworths stores across the UK's high streets was revealed yesterday.

Monday, January 5 will mark the last time that the Woolworths brand will trade from UK stores under the wind up being led by administrators Deloitte.

THE final schedule for closing all 807 Woolworths stores across the UK's high streets was revealed yesterday.

Monday, January 5 will mark the last time that the Woolworths brand will trade from UK stores under the wind up being led by administrators Deloitte.

The final 200 stores will shut on that date - including branches at Beccles, Yarmouth, Lowestoft, March, North Walsham, Swaffham, Thetford, Wisbech and Wymondham.

Some 37 will close on December 29, followed by 164 on December 30, including Cromer, Diss, Hunstanton, Sheringham and Ely.

The Norwich store will be one of 200 stores closing on January 2.

As reported last week Fakenham, Dereham, Bury St Edmunds, King's Lynn and Newmarket stores will be among the first 206 shops to shut on Saturday.

Woolworths currently employs 22,000 permanent members of staff and 5,000 temporary and seasonal staff.

Yesterday a spokesman for the administrators said staff would only be entitled to compensation under the statutory redundancy payment scheme.

Shopworkers' union USDAW has expressed its disappointment at the news.

Deloitte's Neville Kahn said it was unclear how much of Woolworth's debt would be paid, but added it was “clear that the creditors and suppliers will not get paid in full.”

There were also reports yesterday of further troubles for Woolworths as it negotiates with BBC Worldwide over the sale of Woolworth's 40pc holding in their joint venture 2 Entertain.

This holding was not placed into administration when the main Woolworths business collapsed.

It is reported that BBC Worldwide - the commercial arm of the BBC - has slashed the amount of money it is prepared to pay for 2 Entertain, which publishes DVDs and CDs, to about £40 million. This is a third of the price put forward six weeks ago, according to the Financial Times.

Woolworths said yesterday that terms had yet to be agreed but that talks were ongoing.

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