The Joint Administrators of HMV have confirmed to ITV News that 190 redundancies have been made across the Companies Head Office and distribution network. There have been no redundancies across the retail network with all stores remaining open and continuing to trade.
Since our appointment as Administrators over two weeks ago, we have been assessing the financial position of HMV. Following this review, a number of redundancies at the head office and distribution centres have been made.
Although such decisions are always difficult, it is a necessary step in restructuring the business to enhance the prospects of securing its future as a going concern.
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. As a result of all of these factors, I remain hopeful we will be able to secure a future for a restructured business.
More top news
A manhunt has been launched after a woman was apparently stabbed with a needle outside a railway station.
An owner says his video shows one of his pet dogs crying and mourning the death of other pet.
New study says migrant voters could have a "decisive" impact in a range of key marginal seats in the forthcoming general election.