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BUDGET retailer Wilko has failed to secure a rescue deal &ndash; plunging around 12,500 jobs into jeopardy.&nbsp;
The chain, which has more than 400 stores, told staff that it has hired administrators.
Chief executive Mark Jackson said they had &ldquo;left no stone unturned&rdquo; to keep the &ldquo;incredible business&rdquo; going. He added: &ldquo;With regret, we&rsquo;ve no choice but to take the difficult decision to enter into administration.&rdquo;
Nadine Houghton, of the GMB union, said: &ldquo;The 12,000 Wilko workers now facing potential redundancy will take little solace that, with better management, the situation that has befallen Wilko was, sadly, entirely avoidable.&rdquo;
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