May 20 2013 Latest news:
Wednesday, February 20, 2013
More HMV workers face the axe after administrators announced the closure of more stores in London.
Stories in Enfield, Heathrow Terminals 1, 3, 4, 5 (departure level) and Leadenhall will shut over the next four to six weeks.
All affected staff will probably be made redundant, although there will be attempt to redeploy some at other stores, Deloitte said today.
The store closures come after 60 staff were let go by Deloitte across HMV’s head office network at Eastcastle Street in London, Marlow and Solihull nearly two weeks ago - including former HMV boss Trevor Moore.
Around 190 jobs had previously been cut by Deloitte in the chain’s head offices and distribution centres.
Nick Edwards, joint administrator at Deloitte, said the decision to shut the stores was made to “enhance the prospects of the restructured business continuing as a going concern”.
He added: “We are extremely grateful to the staff for their continued strong support and commitment during an understandably difficult period.
“All other key stakeholders including suppliers and landlords remain supportive and we appreciate their ongoing assistance.”
HMV had more than 220 stores and 4,120 staff when it hit the wall in January after failing to keep pace with internet rivals and supermarkets, whose scale has enabled them to offer CDs and DVDs at cheaper prices.