If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

HMV buyer Hilco cutting 400 jobs - report

HMV buyer Hilco is said to be cutting 400 jobs following its recent acquisition of the brand. It follows hope that all 2,500 jobs were to be saved across the brand's 141 UK stores last week.

The Times reports that Hilco is trying to trim £7.8 million off HMV's payroll operations, as suggested by a leaked memo that suggests the chain's security guards now face the axe, and have been deemed "high risk".

The report adds that cashiers will also be facing redundancy in all but the top 30-performing stores across the country, while supervisors are said to be replaced on the tills by managers and part-time staff. It is believed that part-time staff will eventually make up 50% of HMV's UK workforce.

MCV adds that here is a rumoured consultation period in motion that will last until the end of the month.

Tagged With

About the Author

Dave Cook avatar

Dave Cook


Living in Edinburgh, Scotland. Writing a game called Jettison and a book called Seventh Circle. Loves spicy food.

Support VG247

You give us money, we give you an ad-free reading experience, merch discounts, a newsletter every month, and elite status amongst your friends.

See more information

More News

Latest Articles

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 Merch