Company Response
Next's response re. Stylecraft Ltd
As discussed and promised yesterday here is our update on the situation in Stylecraft Ltd who have had significant financial problems. Stylecraft have been very transparent & collaborative during this time & we have done all we can to support them and to try to maintain employment .
- We have been deeply engaged in this issue & our principle remains to protect both workers wages and workers employment during these most difficult of times. We have ensured that every payment has been paid for both the product and the raw materials that Styelecraft have required for all NEXT contracts. We no longer have any business placed in Stylecraft, this decision was taken some time ago
- November 2020 salary – All paid
- December 2020 - 100% to all employees will be paid by 27th January 2021
- Outstanding wages 35% wages for September and October: 17.5% of the outstanding wages will be paid each month January to April to cover this pending amount.