Top

Further blow for local employment as HMV appoints administrators

January 21, 2013

By Christine Keighery

There was further misery on the local jobs front this week, with the news that music and DVD chain, HMV has appointed administrators Deloitte.  The firm suffered severe losses in recent years due to the onslaught of the digital music downloads market.

The company’s troubles mean 4,350 jobs are at risk in 239 stores throughout the UK and the Republic of Ireland.

Initially Deloitte pledged to keep all stores open as it assessed its options and sought potential buyers, but within days, 16 outlets in the Republic of Ireland had closed, with staff at two Limerick stores staging an overnight sit-in protest last Thursday.

The news of HMV’s failure, comes just days after the closure of the Jessops camera chain and fashion retailer, Hoi Polloi, which both traded in the Buttercrane Shopping Centre in Newry.

Staff at The Quay’s store now await news of their fate and face a depressing start to 2013 in a dwindling employment market.

Sinn Féin MLA Mickey Brady said the news would only serve to cause further worry to the local community, who were already reeling from recent closures.

Mr Brady said,

“The news that HMV is to appoint an administrator is another blow to the local community. I hope that HMV can be saved, for the sake of their employees and that their jobs can be maintained.

“The collapse of the store would not only be disastrous for the employees but would bring further inconvenience to regular customers who purchase from the store. I hope that everything will be done to prevent the closure of this business.”

SDLP Assembly Member for Newry and Armagh Dominic Bradley MLA described the news as “devastating” for local jobs,.also raised concerns over the future of jobs in Newry’s HMV store.

Mr Bradley said, “Unfortunately these are just the latest casualties of the economic downturn.  Jessops have closed and HMV is now in administration and I hope that a buyer can be found for the HMV business and its store in Newry can be saved.

“These are tough economic times and every business, both the large multiples such as these stores and those in the local independent sector are all feeling the pressure.  I would hope that government at a regional and local level will continue to work with traders and their representatives to protect jobs and their businesses.

“I have raised the issue with my colleague Patsy McGlone MLA, Chairman of the Assembly’s Enterprise Committee and hope to raise the issue with the Minister in the very near future as well.”

Bottom