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| From | "Brian Hughes" <bryzo.hughes@ntlworld.com> |
| Subject | Re: HMV downsizing |
| Date | Thu, 7 Jun 2007 20:14:06 +0100 |
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Jamie said:
> Footnote: For those unaware, Sam The Record Man (Canada's oldest suviving
> music retailer) is closing its flagship store in Toronto for good on June
> 30th. And I also caught wind of some HMV downsizing while I was in
> England. The asteroid is going to hit the planet boys and girls....and no
> one has a clue where they should run.
HMV in a further reorganisation to protect profits (figures due to be
announced soon should show a fall from about £100 million two years ago to
around £25 million this past financial year) will be "letting go" all buyers
at store level. A 90 day "consultation" began on Monday and those not able
to slot into the very few sales assistant jobs available at the end of the
90 days will be paid off. Security guards and stockroom staff will also be
affected by this reorganisation...
Bryzo
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