Pension Protection Fund’s refusal to back restructuring unless retailer pays £9m into fund could push chain into administrationToys R Us UK is facing potential collapse this week with the loss of 3200 jobs as it struggles to win the support of the state-backed Pension Protection Fund (PPF) for a planned restructure.
The PPF,the industry-funded, state-backed safety net, or demanded that the troubled retailer pump approximately £9m into the ailing Toys R Us UK pension fund.
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Source: guardian.co.uk