My thanks to these 4 ladies at Woolworths in Northdown Road for posing for this picture yesterday. Between them they have 28 years of service to Woolworths and this was their last day of employment. They were unclear about payment of wages and redundancy payment. It brought it home to me that when big business and banks get greedy and throw caution and integrity out of the window, it's the least well off who suffer the most for such folly.
Altogether, 16 staff have lost their jobs at this store and in Thanet over 70 families have been hit by the closure of all 4 stores. This is just another nail in the coffin of what was once a thriving shopping road.
What I find fascinating in Northdown Road is that one or two unlikely businesses are still managing to hang on and it would seem that this is because the free-hold is owned; reserves from better times were not squandered and whilst profits are down, cost-cutting and belt-tightening is the order of the day. Is it true that the Woolworths chain sold its shops some years ago and then leased them back? Was earlier greed the cause of its present demise?
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