Search

24 HMV jobs axed in Canning Town

10:18 01 February 2013

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

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

Around 20 people have lost their jobs at an HMV distribution centre in the first tranche of redundancies since the group collapsed into administration.

A total of 24 jobs have been axed at the centre in Bidder St, Canning Town, while 78 jobs are going at the company’s headquarters in Eastcastle Street, near Oxford Circus.

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

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.

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.

0 comments

Latest Ilford News Stories

44 minutes ago
The Valentine, which was established 87-years-ago, has announced that it will close. Picture: Google maps

People in their hundreds took to social media, after it was announced that The Valentine pub will close.

Yesterday, 17:30
Stock picture of a kitten

A cat who was decapitated and dumped in a pond is the latest victim of a notorious feline killer, animal welfare campaigners say.

Yesterday, 17:12
The Tube strike will cause travel misery for thousands of people    Picture: PA/Nick Ansell

Commuters heading into London will not be able to use the Central line before 7am on Wednesday if the planned Tube strike goes ahead.

Yesterday, 16:23
Work is set to begin on 148 new council houses in Redbridge.

Plans for almost 150 new council houses are one step closer to reality after two more developments were granted planning permission last week.

Newsletter Sign Up

Sign up to receive our regular email newsletter

Most read news

HOT JOBS

Show Job Lists

Competitions

Are you in need of a new kitchen? Try our competition and you could win a brand new one!

Having a brand new kitchen is something that lots of people want but can only dream of. Sadly keeping up to date and making our living spaces as nice as they can be is a costly and incredibly stressful business. Even a fresh coat of paint makes all the difference but isn’t easy or quick.

MyOffers H&M Competition

Who wouldn’t love the chance to go on a shopping spree. Imagine being able to walk into a shop and choose whatever your heart desires without having to worry about how much it costs.

Digital Edition

cover

Enjoy the
Ilford Recorder
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now