Toys R Us and Maplin face collapse with 5,500 jobs at risk

Toys R Us and Maplin face collapse with 5,500 jobs at risk. The BBC reported that Toys R Us in the UK and electronics chain Maplin are on the brink of collapse, putting 5,500 jobs at risk.

The struggling retailers – two of the UK’s best-known chains – are understood to have put administrators on standby after failing to secure a rescue deal.

Maplin – owned by Rutland Partners – had put the business up for sale, but talks with a potential buyer are understood to have broken down.

Toys R Us was also seeking a possible sale but has failed to secure a buyer.

ReAct 3 funding for people being made Redundant in Wales?

Thanks to the Welsh Government’s initiative supported by the European Social Funding (ESF), those unfortunate staff will have the opportunity to apply for the ReAct lll grant of up to £1,500 to help those being made redundant to upskill. As Toys R Us and Maplin face collapse with 5,500 jobs at risk many may be eligible for ReAct funding.

As long as the staff are working and living in Wales when they are/were made redundant they could be eligible for the full ReAct grant that they can put towards upskilling and retraining.

For further information relating to the ReAct lll funding, contact Careers Wales or you can contact us on: 02921 156603 or E-mail: info@CareerChangeWales.co.uk

You can find our ReAct FAQ here: LINK

You can find our ReAct Funding Page here: LINK

We provide a wide variety of courses, most of which can be used with ReAct funding. You can find the courses that we offer here: LINK

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