Union warns 12,000 Poundland jobs could be at risk as sale talks continue

Usdaw says about 12,000 Poundland jobs could be at risk if the discount retailer goes into administration.

The warning covers workers at around 600 stores across the chain.

Owner Gordon Brothers is trying to sell Poundland, which it bought for £1 just over a year ago.

Talks are under way with possible buyers, including Martin Property Group, which is working with Poundland managers on a proposed management buyout.

Usdaw says it is concerned that offers may have been rejected and that a decision on the company’s future could come as soon as Tuesday.

Poundland says its recovery is gaining ground, citing recent sales growth and improved performance.

The union says administration could put jobs at risk, while the sale process will determine who takes the business forward.