Wilko has paused redundancies while rescue bids are considered for the chain.
Wilko falls into administration with 12,000 jobs at risk
"Whilst this is a positive development, Wilko is not out of the woods by any means and this is a time of incredible stress and worry for the 12,500 workers who face losing their jobs."A bid worth £90 million was made by restructuring specialist M2 Capital, according to the Guardian, which would enable the entire Wilko chain to keep trading.
“As administrators we’re intent on achieving the best outcome for everyone involved while preserving as many jobs as possible and adhering to our statutory duty to act in the best interests of the creditors as a whole.
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