60 more execs go at HMV HQ
By Andy Malt | Published on Friday 8 February 2013
Another 60 execs have been made redundant from HMV’s HQ, it has been confirmed. This follows the 190 job cuts at the flagging retailer’s headquarters and distribution hub last week, and the announcement yesterday that 66 stores would close in the coming weeks. HMV went into administration last month.
Joint administrator Nick Edwards told reporters: “Following our announcement of the closure of 66 stores yesterday, it has been necessary to consider the head office support required for the reduced store portfolio. As a result of this review, a number of redundancies at the head office have been made. This has been a difficult decision, but a necessary one in restructuring the business. We would like to express our gratitude to staff for their continued support during the administration”.
According to Sky News, the latest round of cuts includes HMV Group’s most recent CEO Trevor Moore, the former Jessops boss who joined the entertainment retailer last year after his predecessor Simon Fox jumped ship. Marketing Director Mark Hodgkinson is also reportedly among the latest redundancies.