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REPORT: Hilco Looking To Cut 400 HMV Jobs

Matt Gardner
Hilco, HMV

REPORT: Hilco Looking To Cut 400 HMV Jobs

New owner Hilco are wasting no time in attempting to restructure HMV having saved the high street entertainment retailer from  a complete demise. However, to do so it's reported that the parent company is looking to cut a further 400 jobs as the new owners attempt to reduce the annual payroll by around £7.8 million.

According to a staff memo obtained by The Times, Hilco has highlighted three job roles that are set to be dropped from nearly every single one of HMV's remaining 141 stores.

The memo suggests that security guards will no longer be needed, except at stores deemed "high risk, that there'll be cashier culls at every store apart from the thirty with the highest turnover; and some stores will see supervisors cut from their staff rosters.

To compensate, Hilco are looking to part time staff, who'll see their numbers increased to account for 50% of the firm's total. [via VG]


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