HMV staff fuming after company went into liquidation night before they were due to get redundancy pay
HMV staff say they are outraged after the company went into liquidation the night before they were due to receive redundancy pay.
Staff will now have to apply through the Government’s Insolvency Payments Scheme to get the money they’re owed.
HMV stores have closed their doors once again, three years after they were handed a lifeline by investment company Hilco Capital.
The music chain went into liquidation last night, meaning staff did not receive the redundancy packages they were owed today.
The remaining stores in Liffey Valley, Henry Street, Dundrum and Limerick all closed over the last few weeks, with employees being told they would receive their redundancy pay on September 9th.
They were originally meant to receive their packages on the day of closure, but received written notification from Hilco advising them that they would be paid in September instead.
Some employees have taken to social media to express their frustration.
The Rubberbandits also took to Twitter, stating “Irish HMV staff are getting f*cked over.”
Irish HMV staff are getting fucked over. pic.twitter.com/HdI9WUxWv8— Rubber Bandits (@Rubberbandits) September 9, 2016
Robyn Long, a former employee at HMV in Limerick, described the actions of Hilco Company as a “premeditated act, a calculated and despicable move to deny us our dues”.
“I’m literally broke. Everyone that was working there was counting on this money. One of the staff members is getting married tomorrow. If they had said from the beginning that we had to go through the Government insolvency fund, then fine, but they’ve been feeding us stories for weeks,” she told Independent.ie.
Hilco Capital have issued this statement in response: “All employees’ entitlements such as holiday pay and redundancy are protected by the state, and claims will be progressed as soon as a liquidator has been appointed.”
In February 2013, Deloitte Ireland announced that HMV’s then-16 stores in Ireland were to close permanently with the loss of 300 jobs.
Hilco then stepped in, successfully negotiating with landlords and suppliers to re-open stores at the above locations.
The company then decided it needed to move towards more digital based business as it looks to compete with services such as Netflix, announcing its plans to close the remaining stores in July.
Larry Howard, Managing Director of Hilco, was unavailable for comment.