More than 60 Postie Plus staff will lose their jobs following
the closure of 12 of the retail chain's store, announced
Administrators were appointed to the clothing retailer after
its lenders withdrew support as the company continued to make
Administrators today announced the decision to close 12
Postie Plus stores, affecting 64 Postie Plus staff. A further
70 stores will continue trading.
"The stores aren't viable, so unfortunately we've had to make
those decisions," Colin McCloy of PwC said.
Prior to the appointment of the administrators, Postie Plus
management had identified a number of stores that were for
various reasons no longer considered viable.
Those findings were discussed with the administrators and as
a result, the chain's Birkenhead, Bishopdale Mens, Bishopdale
Womens and Kids, Dannevirke, Gore, Mt Roskill, Papatoetoe,
Rangiora Kids, St Lukes, Sydenham, Te Kuiti and Westgate
stores will close.
The affected stores will continue to trade in the interim
until the final closure dates in the first week of July 2014.
Mr McCloy said the affected staff had been informed.
"We recognise that this is a difficult period for all
concerned, and wish to thank staff for their professionalism
and commitment, and customers and the local communities for
their loyalty and support."
The union representing Postie Plus workers says the
announcement today was "highly irregular".
FIRST Union general secretary Robert Reid said neither
employees nor the union were advised there was a review of
the future of stores.
" No indication was given at last Thursday's creditors
meeting that so many stores would be closed and redundancies
"In fact at the creditors meeting the Administrator gave the
opposite impression, that it would be business as usual for
the next few weeks," Mr Reid said.
"This action raises the question of whether the Voluntary
Administration that the company is under is simply a ruse to
implement pre-determined restructuring under the protection
"Under the Companies Act Administration is there to protect
the interests of creditors. In this case it seems to be used
for the opposite purpose," Robert Reid said.
"While staff recognise that store closures and redundancies
may happen at some stage, the way this has been handled is
The union would be seeking legal advice.