97 jobs axed as BHS owners accused of “systematic plunder”
Nearly 100 jobs will be lost this Saturday as BHS closes three stores in the East Midlands.
Derby’s BHS store, along with those in Chesterfield and Mansfield, will close on Saturday 30 July with the loss of 97 jobs.
BHS shut 20 stores on 20 July.
The firm tried to complete a CVA in March but failed and appointed administrators the following month.
Administrators acting for BHS announced at the start of June they had failed in their bid to find a buyer, with up to 11,000 workers set to be affected.
The news of the latest round of redundancies and store closures comes as a joint Commons Select Committee publishes its report into the downfall of BHS.
The report documents the “systematic plunder” of BHS at the cost of the 11,000 jobs and 20,000 people’s pensions now at risk. The report reads: “Sir Philip Green, Dominic Chappell and the respective directors, advisers and hangers-on who all got rich or richer are all culpable, with the only losers the ordinary employees and pensioners.”
The Committees say this is “the unacceptable face of capitalism” and that the story of BHS begs much wider questions about the gaps in company law and pension regulation that must be addressed. The two Committees will now turn to those question in new inquiries.
