Job fears for staff at HMV

East Kilbride News - - FRONT PAGE - NICOLA FIND­LAY

East Kil­bride is fac­ing a fur­ther jobs blow af­ter mu­sic su­per­store HMV went into ad­min­is­tra­tion.

Now staff there have been left un­sure over their fu­tures as talks go on to try find a new owner for the com­pany.

It’s the sec­ond time in six years that the mu­sic gi­ants have called in ad­min­is­tra­tors, hav­ing this time gone un­der just days af­ter Christ­mas.

A spokesman for EK, East Kil­bride – where the store is based – said: “This news is clearly con­cern­ing for all staff em­ployed at HMV stores across the coun­try and un­der­lines the very chal­leng­ing con­di­tions af­fect­ing re­tail­ers in all parts of the UK.”

It is yet an­other blow for East Kil­bride which has seen a num­ber of high-pro­file departures in re­cent times.

High Street icon Marks & Spencer are due to close their doors in the town in the com­ing months af­ter more than 40 years, although a date has yet to be con­firmed by the com­pany.

Toys R Us, Maplin, BHS and Dune have all shut up shop, with Fill­ing Sta­tion in The Hub and Frankie and Benny’s in Ner­ston also clos­ing.

It was also an­nounced this

week that Thorn­tons at the Cen­tre have closed.

And HMRC are also set to quit the town by 2026, with 2700 jobs be­ing trans­ferred to a new re­gional cen­tre in Glas­gow.

HMV were saved from the brink of col­lapse in 2013, hav­ing been bought by Hilco in a £50mil­lion deal.

The com­pany op­er­ates 128 stores across the UK in­clud­ing nine un­der the Fopp brand.

Nine per­ma­nent posts are at risk at the Cen­tre West store, with 2000 staff across the coun­try un­clear over what the fu­ture holds for them.

Ad­min­is­tra­tors KPMG say that stores will remain open for now as they try to sell the busi­ness as a ‘go­ing con­cern’.

Joint ad­min­is­tra­tor Will Wright said: “For decades, HMV has been one of the most iconic names on the high street.

“Whilst we un­der­stand that it has con­tin­ued to out­per­form the over­all mar­ket de­cline in phys­i­cal mu­sic and vis­ual sales, as well as grow­ing a prof­itable e-com­merce busi­ness, the com­pany has suf­fered from the on­go­ing wave of dig­i­tal dis­rup­tion sweep­ing across the en­ter­tain­ment in­dus­try.

“This has been in ad­di­tion to the on­go­ing pres­sures fac­ing many high street re­tail­ers, in­clud­ing weak­en­ing con­sumer con­fi­dence, ris­ing costs and busi­ness rates pres­sures.

“Over the com­ing weeks, we will en­deav­our to con­tinue to op­er­ate all stores as a go­ing con­cern while we as­sess op­tions for the busi­ness, in­clud­ing a pos­si­ble sale.

“Cus­tomers with gift cards are ad­vised that the cards will be hon­oured as usual, while the busi­ness con­tin­ues to trade.”

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