Wilko closures and job losses on hold as administrator considers rescue bids

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• Analysis: What went wrong at Wilko?

Plans for redundancies and store closures at Wilko have been put on hold as administrators consider two potential last-ditch rescue bids that emerged over the bank holiday weekend.

Administrators from PricewaterhouseCoopers, who were called in earlier this month as Wilko ran short of cash, had warned that redundancies would start within weeks as there had been no viable bids for the bulk of the company. The group employs nearly 12,500 people.