Morrisons has announced it will buy McColl's in a move that will save as many as 16,000 jobs. McColl's confirmed last week that it has been forced to go into administration, which would see mass job losses and store closures.
The chain of convenience stores has more 1,100 branches across England, Scotland and Wales. It employs around 16,000 staff of which roughly 6,000 are full-time employees.
The company said that it had to go into administration last week. It confirmed that the decision was made "to preserve the future of the business and to protect the interests of employees", The Mirror reports. READ MORE: Greater Manchester's property hotspot areas where house prices have shot up this year However, following talks over the weekend, supermarket giant Morrisons has said it will purchase the company.
The price of the purchase has not been disclosed. Morrisons has also said it will protect the pensions of McColl's employees.
Read more on manchestereveningnews.co.uk
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