"About 450 head office and support staff are being made redundant by Woolworths as the turmoil surrounding the stricken retail chain's future continues," the Guardian website said. Deloitte, which has been appointed as the administrator for the collapsed retail chain said that the job cuts would be in Woolworths' Central London and Rochdale offices and not in the 815 stores of Entertainment UK, its DVD and CD distribution business, The Times said.
The acquisition comes in the wake of the Australian firm deciding to exit the specialty consumer electronics category and divest the business in Australia and New Zealand as well, apart from India.
In the shadows of a sliding rupee, India's knitwear hub Tiruppur is weaving a success story. While the domestic currency edges closer to the 86 mark against the US dollar, triggering concerns for many sectors, this textile town in Tamil Nadu is finding opportunity in adversity: Between April and December alone, Tiruppur's exports reached Rs 26,000 crore, almost eclipsing last financial year's total of Rs 30,690 crore.
After experiencing an 11 per cent contraction in exports in 2023-24 (FY24) due to a dip in exports for 10 consecutive months from April to January, the Tiruppur textile industry is back on track in 2024-25 (FY25). The cluster, which contributes 55 per cent of the country's total knitwear exports, posted a 13 per cent increase in the first five months of this financial year (FY25), with August seeing a 22 per cent rise - the highest in over two years.
Cricket Australia is currently not eligible for the federal government's JobKeeper support program having lost no major revenue streams from cancelled matches. The staff kept on job are working on 20 per cent of their usual salaries but CA's executives remain on 80 per cent of their usual base rates of pay.
The woman fell into a week-long coma and had to undergo liver transplant after consuming the poisonous mushrooms.
A poll ranking celebrities and their famous offspring based on style.
Reader Pradeep Tiwari sent us this picture from Sydney.
Ramnik Narsey, the new chief, had joined the retail giant in May 2013.
The store launches same-day delivery for its site, though analysts say others have eroded its headstart in the brick and mortar format.
Martand Singh, the master of weaves, took India to the world.
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