More than 5,000 jobs at risk after collapse of Toys R Us & Maplin

4 March 2018 - Janet Bird

toys r us store

More than 5,000 jobs are at risk after the collapse of two big high street names last week.

Toys R Us and electronics retailer Maplin fell into administration on February 28, sending shockwaves through the economy.

Retail stock values took a massive £1.3 billion hit in the immediate aftermath of the announcements.

Three thousand staff at Toys R Us and up to 2,500 at Maplin now face an uncertain future as administrators move in.

The two companies have been teetering on the brink of collapse for some time, with desperate efforts to strike rescue deals failing at the eleventh hour in both cases.

Toys R Us and Maplin are both set to remain open for business during the administration process.

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