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Redundancies at Borders' head office

Thirty-six head office employees have been made redundant at bookstore chain Borders, joint administrators at MCR revealed today. The announcement follows news at the weekend that there would be closing-down sales at all 45 retail outlets of the store, which last week became the latest high-street name to be affected by the recession. Phil Duffy, partner at MCR and joint administrator, said: 'Following our appointment as administrators we have undertaken a review of the company's business and operations in the context of an administration and consequently identified a number of positions that have become redundant. This has resulted in the above employees being made redundant today. 'This in no way impacts the business at a store level and I can confirm that no redundancies have been made in-store,' he added. Duffy said administrators were now pursuing parallel administration strategies and were continuing to seek a buyer for all or some of the stores while conducting closing-down sales. He said: 'Considerable interest has been expressed either in the business and/or certain stores and this interest is actively being pursued by MCR.'
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