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Jobs saved as CVA approved by Toys R’Us creditors

21 December 2017

Over 2,000 jobs saved before Christmas as Toys R Us wins backing for restructuring plan through the approval of a company voluntary arrangement and pension contribution deal.

Some 26 stores are planned to close in 2018, but the deal means the company continues under its own management and the pension shortfall will be repaid over ten years.

Want to know more about company voluntary arrangements? Download our Experts Guide to CVA here

Categories: Retail, CVA, What is a CVA or Company voluntary arrangement?, Redundant Employee?

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