Comet axes 450 jobs in savings bid

Struggling electricals chain Comet is poised to cut 450 jobs in a drive for the “significant savings” needed to safeguard its future.

The chain, which was last week sold for a token £2 to private equity firm OpCapita, plans to scale back its in-house repairs operation, which provides a UK-wide service on behalf of manufacturers.

The plan is subject to consultation but is expected to result in job losses for engineers and an estimated third of the 414-strong workforce at a centre handling calls and administration near Bristol.