Bay Trading Layoffs Job Cut: may fire 1230 employees

he news is not good for the employees of the Bay Trading, which is the famous High street fashion company, sold out recently. But as a part of the buyout, employees are goiong to take a big hit as they will loose the jobs. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest on to add to the list is the Bay Trading Organization, which may be going for layoffs.
How many employees may be fired in the Bay Trading layoffs?
As per the reports, there can be around 1230 layoffs by Bay Trading.

What is the total no. of employees of Bay Trading?
The total no. of employees of Bay Trading is 1800 as of now.

What will be the cost and savings by Bay Trading layoffs?
No info about that.

When will the Bay Trading layoffs happen?
It is learnt that the layoffs will be made as soon as possible as the buying Rinku Group requires only only 566 jobs and 130 shops.

Which locations and department of employees will be affected by the Bay Trading layoffs ?
No info available location wise.

What is the primary reasons for Bay Trading layoffs?
The primary reasons for layoffs is due to the firm being bought over by another company.

Any other news about Bay Trading layoffs
As per SkyNews, The shops which were not part of the sale will run down their stock before shutting their doors for the last time.
Let's hope that alternative jobs are available to the affected employees of Bay Trading Layoffs Job Cut