British supermarket chain Kwik Save is to close 79 stores in a bid to secure the future of the business, it was announced today.
Union sources said several hundred jobs would be lost as a result of the closures, which would be completed by tomorrow.
The company said in a brief statement: “It is with regret that Kwik Save has had to make this difficult decision. However, in order to enable the business to succeed, the Kwik Save management team has had to announce these cut backs to secure the future of the business.
“Kwik Save would like to thank all of its staff affected by this regrettable situation for their commitment to the company over the years.”