Jobs to go at HMV centres in London

15:47 31 January 2013

HMV went into administration. Photo: Yui Mok/PA Wire

HMV went into administration. Photo: Yui Mok/PA Wire

More than 100 jobs have been axed at HMV distribution centres in London in the first tranche of redundancies since the group collapsed into administration.

Administrators Deloitte said retail jobs remained unaffected and all stores continue to trade.

Seventy-eight of the jobs are going at the company’s headquarters in Eastcastle Street with 24 in Canning Town.

Nick Edwards, joint administrator, said the job cuts were a “necessary step in restructuring the business to enhance the prospects of securing its future as a going concern”.

Hopes of a rescue deal for HMV have been raised after restructuring firm Hilco - the group behind HMV Canada - bought the company’s debt last week.

It is thought that Hilco was planning to begin negotiations this week with suppliers and HMV’s landlords as part of a plan to salvage the group.

Hilco reportedly wants to rescue about half of the stores in the UK as it looks to repeat the strategy that has seen it turn around HMV’s Canadian arm, which it bought in 2011.

Mr Edwards added: “We have been very pleased with the level of interest in the business as a going concern, whilst the response from customers has demonstrated the demand to see HMV remain on the high street.”

“Equally, the support received from suppliers has been very positive and has enabled us to continue trading during the administration.”

Related articles

Latest Stories from SNAP.PA

Because she is just as cute as a real cat.

Read more

One pilot is dead and another seriously injured after the craft exploded over the Mojave desert.

Read more

Promotions

BT Home Smart Cam

When I was first told by my boss that I would be doing a review on the BT Smart Cam 100 I didn’t quite know what to expect. Before even looking at the product I was picturing it as nothing more than a web cam with a fancy name.

AGA Living Subscription

Every issue of AGA Living magazine is packed full of celebrity AGA owner interviews, interior and design features, ideas to inspire your culinary imagination, mouth-watering recipes and inspirational shopping ideas.

“Space is hard and today was a tough day.”

One pilot is dead and another seriously injured after the craft exploded over the Mojave desert.

One pilot has died and another is seriously injured after a rocket belonging to billionaire Sir Richard Branson’s space tourism venture crashed during a test flight. Virgin Galactic’s SpaceShipTwo rocket came down in the Mojave Desert in California. An eyewitness reported that the craft exploded in flight after ignition. A Virgin Galactic spokesman said the […]

TOP Stories

Yesterday, 17:02
Police attend the scene where a teenager was stabbed to death, outside a convenience store in Pilgrimage Street [Photograph by Alex Diaz/PA Wire

A teenager has been stabbed to death on Pilgrimage Street near Tabard Gardens this afternoon.

Yesterday, 15:27
Police are looking for these two men after a sex worker was attacked with noxious gas in Soho (Picture: Metropolitan Police)

Police have released images of two men they want to speak to after a sex worker and her friend were ‘sprayed with a noxious gas’ and then robbed at an address in Soho.

Yesterday, 12:54
The man was fatally stabbed at Middlesex University in north London (Picture: Google Streetview)

A murder investigation has been launched after a man was fatally stabbed at Middlesex University campus in the early hours of this morning.

London Bloggers

Thu, 10:07
The Appilepsy team: Phil Efstathiou, Alex Telek , Clarence Ji, Miklos Molnar, Joran van Apeldoorn

In Tech City, things move fast. And sometimes erratically. Like phones in the pockets of people having epileptic seizures.

Friday, October 24, 2014
The 91-year-old gave the cyclist a wallop

After Baroness Sharples bragged about walloping a cyclist, London24’s cycling blogger AViewOfLondon has this to say...

Wednesday, September 17, 2014
The cast, including Josie Lawrence and Mike Myers

Simon Collins catches up with the improv impresarios, who despite being the world’s longest-running comedy show with the same cast, have lost none of the razor-sharp wit: