According to a former Debenhams worker, KPMG offered the staff between €500,000 and €750,000 last Friday, down from €1 million plus a share of stock salesFormer Debenhams workers have rejected a reduced redundancy offer made by the company’s liquidator last week. According to a former worker, KPMG offered the staff between €500,000 and €750,000 last Friday, down from €1 million plus a share of stock sales. The statutory minimum is two weeks’ pay per year of service. The workers have been protesting for better redundancy terms since the company entered liquidation in April. In September they were offered €1 million plus a third of any net profit on the sale of stock that is left in the stores.

Source: The Times November 03, 2020 00:00 UTC