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| Irish HMV staff stage sit-in protest as 16 stores close | Irish HMV staff stage sit-in protest as 16 stores close |
| (about 4 hours later) | |
| 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. | 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 workers at the two Limerick shops are attempting to secure the payment of wages they are owed. | 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 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. | 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. | 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. |
| 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. |
| A member of staff at HMV's Limerick Crescent store told the BBC that he and his colleagues had held an initial meeting with officials from Deloitte, but that the sit-in would continue as no satisfactory agreement had been reached. | |
| 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. | 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. | "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." | "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. |
| 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, is a process started by a company's bank, or other creditor, who has lost confidence in a firm's ability to repay its debts. Receivers are appointed to the company in question, with the aim of selling assets so the creditors can recover their money, or some of it. |