Currys PC World Ireland Has Announced the Repayment Of The Government Wage Subsidy Payment
Currys PC World Ireland operates 16 stores nationwide including one in Cork
In a pre-close trading statement issued today, Dixons Carphone announced electricals like-for-like sales in Currys PC World in the UK and Ireland have continued the positive performance seen over peak trading. Sales were up 11% over the second half of year compared to 19/20 and very strong online growth has continued in Ireland with sales on Currys.ie up nearly 300% for the year.
Currys PC World stores in Ireland are deemed essential and, bar the first six weeks of Covid lockdown, have been open and fully trading. The stores have continued to trade strongly during the period.
Given the strong financial position of Dixons Carphone, the Group has reimbursed all government support for the £73m of furlough paid to UK and Ireland colleagues during the year. This includes the repayment to the Irish Government’s wage subsidy scheme of €3.75m received.
Jim O’Hagan, Managing Director for Ireland, said: “The performance of Currys PC World in Ireland is a testament to the hard work of all our colleagues who’ve pivoted, innovated fast and delivered for customers, however they’ve chosen to shop. Given our strong financial position, we have decided to reimburse the government wage subsidy. We thank the Irish Government for the support given.”
The repayment includes wage subsidy support given to Carphone Warehouse Ireland which announced it would close last week. The company continues to be in consultation with the affected colleagues and is committed to redeploying as many as possible into the Currys PC World business and will pay enhanced redundancy to those impacted.
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