{"id":56379,"date":"2018-08-31T15:44:40","date_gmt":"2018-08-31T13:44:40","guid":{"rendered":"https:\/\/theworldwidejournal.com\/2018\/08\/31\/homebase-rescued-from-collapse-at-the-cost-of-1500-jobs\/"},"modified":"2018-08-31T15:44:40","modified_gmt":"2018-08-31T13:44:40","slug":"homebase-rescued-from-collapse-at-the-cost-of-1500-jobs","status":"publish","type":"post","link":"https:\/\/theworldwidejournal.com\/?p=56379","title":{"rendered":"Homebase rescued from collapse, at the cost of 1,500 jobs"},"content":{"rendered":"<p>Creditors approve CVA that entails 42 branch closures and landlords taking 90% rent cutsDIY chain Homebase is to cut 1,500 jobs as part of a rescue deal designed to save the company from looming bankruptcy and give it breathing space to recover from the disastrous stewardship of its previous owners.Creditors owed \u00a31.2bn by the company voted in favour of a company voluntary arrangement (CVA), that will lead to the closure of 42 out of 241 branches, with landlords of a further 70 stores agreeing to accept rent cuts of up to 90%. Continue reading&#8230;<br \/>\nVia: <a href=\"https:\/\/www.theguardian.com\/business\/2018\/aug\/31\/homebase-rescued-from-collapse-at-the-cost-of-1500-jobs\" target=\"_blank\">Homebase rescued from collapse, at the cost of 1,500 jobs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Creditors approve CVA that entails 42 branch closures and landlords taking 90% rent cutsDIY chain Homebase is to cut 1,500 jobs as part of a rescue deal designed to save the company from looming bankruptcy and give it breathing space to recover from the disastrous stewardship of its previous owners.Creditors [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-56379","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/56379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56379"}],"version-history":[{"count":0,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/56379\/revisions"}],"wp:attachment":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}