You may have heard that Phones 4U decided to close up shop and file for administration earlier this week due to both Vodafone and EE opting out from the company, causing many of their stores to be closed and a lot of jobs lost.
However not all of them, as Vodafone has today announced that it will be buying 140 of the company’s stores in a variety of locations, saving an estimate of 900 jobs throughout the UK.
Once finalized the stores will then be rebranded as soon as possible to allow for a quick transition phase.
Here’s how Vodafone explained the buyout in a statement to Pocket-Lint earlier:
“Vodafone UK today confirmed that it was approached by the Phones4U 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.”
“Our offer was accepted by the administrator and we are pleased to report that approximately 900 former Phones4U employees will keep their jobs and join our dynamic retail business. Subject to court approval, we will start engaging with these employees and begin the rebranding of the stores to Vodafone as soon as possible.”
So there’s still some okay news for the high street after all, with Currys & PC World also announcing that it will be retaining 800 Phones 4U workers who were previously employed by the company in its store-in-store locations, making it a grand total of 1,500 safe jobs out of 6,000.
There are some other rumours hanging around the net, with EE said to be looking to pick up some of their own stores according to various sources, and the Dixons Carphone group have even asked some of those who are looking to apply for positions at Carphone Warehouse stores, with up to 1,500 jobs up for grabs reportedly.