Troubled soft discount chain, Kwik Save has begun consulting with staff about job losses.

“The new management of Kwik Save has had to make this difficult decision to secure the future of the company and safeguard the jobs of the majority of staff,” said Kwik Save chairman and CEO, Paul Niklas.

“It is with sincere regret that we have had to make these redundancies, however we are determined to make Kwik Save a successful business for the future.”

Last month the company secured a £50m rescue package from a private consortium.