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Further jobs at risk after HMV appoint administrator
11:22am Tuesday 15th January 2013 in News
MORE jobs could soon be lost in Swindon as another High Street store falls into administration.
Music and DVD chain HMV have appointed an administrator, Deloitte, making it the latest casualty on the High Street and putting about 4,350 jobs at risk nationally.
The news comes just days after Honda announced that 800 jobs would be lost by spring and HMV follows a host of High Street retailers, including Jessops and La Senza, that have been lost in Swindon’s town centre.
Deloitte will keep HMV's 239 stores in the UK and the Republic of Ireland open while it assesses the prospects for the business and seeks potential buyers.
Trading in HMV shares on the London Stock Exchange has been suspended, and the firm said it would not be accepting gift vouchers or issuing any more.
In its statement, HMV said: "The board regrets to announce that it has been unable to reach a position where it feels able to continue to trade outside of insolvency protection and in the circumstances therefore intends to file notice to appoint administrators to the company and certain of its subsidiaries with immediate effect."
Do you work for HMV? Are you affected by this news? Contact the news desk by calling 01793 501 794.