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
Hugh Noble, left, plants tree at South West Essex and Settlement Reform Synagogue

A synagogue has been celebrating its 60th anniversary with one of its founders planting a tree at its grounds.

A therapeutic garden is one of three environmental projects in the borough set to benefit from Tesco’s Bags of Help scheme.

Yesterday, 17:31
Cranbrook School in Mansfield Road, Ilford could close by July.

Parents were left shaking in anger after they received an email informing them their children’s school could close by July.

Yesterday, 16:56
Chris Penny and Gavin Happe are selling Ha'penny Brewing Co after seven years of making ales and bitters in Aldborough Hatch.

The borough’s only craft brewery has switched hands, and the bitters and porters will be replaced by dark Belgian beers.

Most read news

HOT JOBS

Show Job Lists

Competitions

Champagne experience

This Valentine’s Day, the Coca-Cola London Eye is the perfect destination for lovebirds, offering a range of romantic experiences from Friday 12th February - Sunday 14th February 2016.

Sony Smart Ultra HD 55'' LED TV

Enjoy the ultimate entertainment experience in your living room with the Sony Smart Ultra 55’’ LED TV. Be the envy of all your friends with this huge TV- you can change your living room into your own cinema! Get the boys around to watch the football or get the girls around to watch the DVD of 50 Shades.. this is a prize that everyone would enjoy! Stand a chance to upgrade your current entertainment system by wining this fantastic prize.

Digital Edition

cover

Enjoy the
Ilford Recorder
e-edition today

Subscribe