Employer Insolvency and Job losses

There has been much debate about the demise of HMV and Blockbuster. These two high street entertainment giants were once at the heart of our retail world, much like the mighty Woolworths who were the first of the giants to be slayed over the holiday period of 2008 – 2009.

Some say HMV and Blockbuster should have moved with the times, and that they did not do enough to adapt to their changing customer needs. Whatever the reason for their demise, the harsh reality is that thousands of people face unemployment -irrespective of who or what contributed to the downfall of these retail giants. Between them, HMV and Blockbuster have over 8,000 employees who are facing redundancy.

When administrators are called in, the process is often quite brutal for employees. The knowledge that your employer is in financial difficulty and that your job may not be secure often leaves the employee in a difficult position. In such situations, many employees are made redundant and left feeling that their views and suggestions have not been adequately taken into account or even heard. When it is proposed to make 20 + employees redundant, the affected employees have a legal right to be consulted with. If you fall into this category and have NOT been consulted with then do let us know.

Leathes Prior are willing to meet with the employees of HMV and Blockbuster, or indeed any employee who has been / is being affected by the insolvency of their employer.