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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: 负债
Retail chain：零售连锁商
Go into administration: 进入破产程序
Risk：冒风险
Pension scheme：养老金计划
Deficit：赤字
Bail out：财政援助
Strip assets：抛售资产
