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Woolworths closure to hit North jobs

Woolworths - No buyer found for business
Woolworths - No buyer found for business

All Woolworths' stores will shut by January 5, administrators confirmed today. This means more than 500 jobs in the North will be lost.

Deloitte said around 200 of the company's 807 stores would close by December 27, followed by a second batch of 200 on December 30, 200 on January 2 and the final closures on January 5.

The moves will affect 22,000 permanent staff and 5,000 temporary workers, although some will be kept on for a short period.

Deloitte said it had received interest from other retailers for 300 Woolworths stores. The corporate recovery firm confirmed the closure plan after failing to secure a buyer for the business.