Latest in Administration

Image credit:

Vodafone buys 140 Phones4u stores, saving 900 jobs in the process

Matt Brian, @m4tt
09.19.14
22 Shares
Share
Tweet
Share
Save

Sponsored Links

A lot can happen in a week: just five days after Phones4u announced it was entering administration, leaving 5,596 employees facing a very uncertain future, retailers and carriers alike have stepped in to strip the company of its most important parts. Dixons Carphone has already picked up 800 employees from its rival, and now Vodafone, one of the two operators that unceremoniously ended their relationship with Phones4u in recent weeks, has announced a deal to buy 140 former stores, saving a potential 900 jobs as a result. Vodafone says it was approached by the company's administrator and "decided to make an offer to buy 140 of its stores as a way to accelerate our retail expansion programme and save hundreds of jobs." While some people will swap their Phones4u role for a Vodafone position, today's restructuring efforts also came at cost. The administrator announced 628 employees at Phones4u's head office in Newcastle-under-Lyme and telesales staff in Staffordshire were today made redundant in an attempt to reduce expenses. There's currently no word on which stores the Vodafone intends to rebrand, but we've asked the company for more details.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
22 Shares
Share
Tweet
Share
Save

Popular on Engadget

Blue's Yeti X microphone comes with everything you need to sound like a pro

Blue's Yeti X microphone comes with everything you need to sound like a pro

View
Uber will restrict NYC drivers' access to app due to new regulations

Uber will restrict NYC drivers' access to app due to new regulations

View
GNU founder Richard Stallman resigns from MIT, Free Software Foundation

GNU founder Richard Stallman resigns from MIT, Free Software Foundation

View
 FCC approves first commercial use of 3.5GHz band

FCC approves first commercial use of 3.5GHz band

View
What's on TV: 'Spider-Man: Far From Home'

What's on TV: 'Spider-Man: Far From Home'

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr