AROUND 24,000 jobs are at risk, as the high street giant which owns Peacocks and Jaeger has appointed administrators.Credit: Alamy
The company added that it has also been hit hard by allegations, which it denies, that the retailer and several rivals failed to pay some Bangladeshi suppliers during lockdown in an attempt to cut costs for clothes they were unlikely to sell. How much you're entitled to depends on your age and length of service, although this is capped at 20 years. You'll get:One week’s pay for each full year you were 22 or older, but under 41,Sadly, you won't be entitled to a payout if you've been working for your employer for fewer than two years.
All stores will continue trading in the meantime and further details will be announced in due course, the company added, but significant changes are expected.
Bit of good news to start my day