Following the glimmer of good news that HMV had come out of administration, things now appear not entirely rosy as The Times report that 400 jobs are set to be lost in new restructuring plans.
Retail restructuring group Hilco recently completed the acquisition of the troubled music chain, but now will sever jobs “affecting all roles”.
Previously it was announced that 2,500 people would keep their jobs, but this looks to be less after Hilco’s CEO Paul McGowan settles into his new position as chairman of HMV.
[via CMU]
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