THREE hundred former Co-op workers from all over the region, including Ipswich and Felixstowe, are set to receive a windfall of hundreds of thousands of pounds after the company stepped in to save the day.
The East of England Co-operative Society is to make an unprecedented financial gesture to nearly 300 former employees who were made redundant when their new employer, Vergo Retail, went into administration.
Around 345 employees transferred from the Co-op in July 2009 under Transfer of Undertakings (Protection of Employment) Regulations (TUPE) when Vergo took over the running of 12 Co-op department and home stores in Norfolk, Suffolk and Essex.
However, Vergo went into administration on May 7 this year and is now in the hands of Administrator MCR.
The Ipswich store finally closed its doors to the public this month after trading in the town since 1908.
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