Borders administrators wield the axe on 36 staff

BORDERS, the bookshop that has fallen into administration,&nbsp; yesterday made its first round of redundancies. <br /><br />Joint administrators Phil Duffy, Geoff Bouchier and David Whitehouse of MCR announced that a total of 36 employees based at the London head office of Borders have&nbsp; been made redundant. <br /><br />Duffy said that the redundancies did not impact the business at a store level and said none had been made in stores. At the weekend MCR announced the start of closing down sales at all of the 45 retail outlets while it was seeking a buyer. <br /><br />Duffy added: &ldquo;Considerable interest has been expressed either in the business and or certain stores and this interest is actively being pursued by MCR.&rdquo;<br /><br />Borders was bought in July, by Valco Capital Partners, the private equity division of Hilco, the distressed retail specialist. The book retailer employs 1,100 staff.