Former staff of music store, HMV have been left high and dry as the company entered into liquidation today (Saturday, 10th Sept) said Fianna Fáil Jobs Spokesperson, Niall Collins TD.
“The closure of the four stores, three in Dublin and one in Limerick, is a terrible blow for the workers, and their families.”
“The least the staff could expect was that the company would pay them their redundancy payments. They received written correspondence from the management to say that this would happen.”
“However, the decision to enter into liquidation today has ended any hope of the former workers getting redundancy payments from the company.”
“The State will now have to step in and provide basic statutory redundancy which, in some cases, may be considerable less than what they would have received if the company had paid them their redundancy.”
“What happened today is nothing short of scandalous. The company made a commitment to their former staff, and simply decided to renege on it,” added Collins.
“Using the protection of liquidation to evade redundancy commitments is unfair, and unjust. Owners of companies have a moral obligation to ensure that all that is owed to staff is paid.”
“This is setting a very bad precedent which cannot be allowed to take hold. It’s clearly unfair and places a larger burden on the State.”
“Fianna Fáil will be looking at the relevant legislation, and proposing amendments, to see if this type of situation can be avoided in the future. It’s just not on for a company to leave their former, loyal staff high and dry like this,” concluded Collins.