BHS, a heavily indebted British retail chain, was expected to go into administration today, risking 11,000 jobs. The company’s pension scheme has a £571m deficit, and may need to be bailed out. Pensioners have been told to expect cuts. Critics say that the previous management stripped the firm’s assets.
BHS: British Home Stores
Indebted: 負(fù)債
Retail chain:零售連鎖商
Go into administration: 進入破產(chǎn)程序
Risk:冒風(fēng)險
Pension scheme:養(yǎng)老金計劃
Deficit:赤字
Bail out:財政援助
Strip assets:拋售資產(chǎn)