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HMV closes its stores in the Republic of Ireland Irish HMV staff stage sit-in protest as 16 stores close
(about 1 hour later)
HMV's 16 stores in the Republic of Ireland have been closed and the company's business in the country put into receivership. Staff at two HMV stores in the Republic of Ireland are staging sit-in protests following the closure of the music and DVD chain's 16 outlets in the country.
The announcement affects 300 jobs, and comes two days after HMV's main UK operation went into administration. The workers at the two Limerick shops are attempting to secure the payment of wages they are owed.
HMV's operation in the Irish Republic, which employs 300 people, has been put into receivership.
HMV's main UK business, including 10 stores in Northern Ireland, is continuing to trade in administration.
The retailer has 223 UK stores in total, and a workforce of about 4,000.
HMV's administrator, accountancy group Deloitte, said it would try to sell the Irish shops.HMV's administrator, accountancy group Deloitte, said it would try to sell the Irish shops.
The retailer's 223 UK stores, including 10 in Northern Ireland, are continuing to trade at present.
Deloitte, which has also been appointed receiver of HMV's business in the Republic of Ireland, said that the 16 store closures followed "a request from the directors [of HMV]" to close down the Irish operation.Deloitte, which has also been appointed receiver of HMV's business in the Republic of Ireland, said that the 16 store closures followed "a request from the directors [of HMV]" to close down the Irish operation.
"All efforts will be made by the receiver to secure a purchaser for the [Irish] stores," added Deloitte."All efforts will be made by the receiver to secure a purchaser for the [Irish] stores," added Deloitte.
Staff in HMV's two Limerick shops in western Ireland are reported to have held a sit-in protest on Wednesday due to concerns over whether they would receive wages owed to them. A member of staff at HMV's Limerick Crescent store told the BBC that he and his colleagues were due to meet later with officials from Deloitte.
The man, who declined to give his name, said: "We are owed wages, and holiday and lieu time and the like. We want written confirmation that we will get what we are owed.
"More importantly, we want to get the shop reopened, we are a profitable store with fantastic staff.
"The receivers have been very reasonable with us so far, but the sit-in will continue until we get written confirmations."
Music and games retailer HMV's main UK business went into administration on Tuesday. It had struggled for a number of years against growing competition from online rivals, supermarkets, and illegal downloads.Music and games retailer HMV's main UK business went into administration on Tuesday. It had struggled for a number of years against growing competition from online rivals, supermarkets, and illegal downloads.
It employs about 4,000 people in the UK. Under administration, a company gets protection from its creditors and can continue to operate. Administrators try to secure its future as a going concern, often by looking for buyers for all or parts of the company.
Under administration, a company can continue to operate, with the aim of securing a deal with its creditors and securing its future as a going concern. Receivership, by contrast, sees a company immediately close down and any assets sold off.
Receivership, by contrast, sees a company close down and any assets sold off.