Leo Varadkar assures HMV staff over redundancy pay

Workers at HMV who lost their jobs when the retail chain went into liquidation will have their redundancy payments promptly dealt with, according to Minister for Social Protection, Leo Varadkar.

The minister looked to reassure the workers after HMV’s presence in Ireland came to an end with the closure of remaining outlets in Limerick, Dundrum, Henry St, and Liffey Valley.

Mr Varadkar said eligible staff would be entitled to payments from the State under the Redundancy and Insolvency Payments schemes.

The aim of the scheme is to compensate workers for the loss of their jobs by reason of redundancy, with an eligible employee entitled to two weeks statutory redundancy payment for every year of service, plus a bonus week. Compensation is based on the worker’s length of reckonable service and reckonable weekly remuneration, subject to a ceiling of €600 per week.

In order to qualify, an employee must have at least two years continuous service, be in insurable employment, aged 16 or over, and have been made redundant as a result of a genuine redundancy situation.

Other pay-related entitlements, including holiday pay, sick pay and payment in lieu of minimum notice, are covered by the Insolvency Payments Scheme.

Leo Varadkar
Leo Varadkar

All applications under that scheme must be made by a liquidator on behalf of the insolvent company.

In a statement issued yesterday, Mr Varadkar said the Department of Social Protection would deal promptly with Redundancy and Insolvency applications in respect of the former employees of HMV when they are received from the liquidator.

In January 2013, HMV announced it was closing its 16 locations, and making 300 staff redundant after a receiver was appointed.

However, eight months later, its new owner, Hilco, re-opened stores in Dublin’s Henry St, Liffey Valley Shopping Centre and Dundrum town centre, as well as Limerick’s Crescent shopping centre.

As well as buying HMV’s retail outlets in Ireland and Britain, Hilco also bought DVD chain Xtravision.

In January of this year, Hilco placed Xtravision into provisional liquidation with the loss of 580 jobs.

More on this topic

Thousands of UK jobs at risk as HMV nears collapseThousands of UK jobs at risk as HMV nears collapse

Breakdancers and live performances promised as HMV to officially open Grafton St storeBreakdancers and live performances promised as HMV to officially open Grafton St store

Rents and web blamed for HMV crashRents and web blamed for HMV crash

All 16 HMV stores to close; 300 jobs lostAll 16 HMV stores to close; 300 jobs lost


As David Attenborough announces new series on plants, we run down some of the weird and wonderful vegetation he might include.11 bizarre plant species from around the world

The weather’s always going to be a key factor on any wedding day — but especially so when the bride works for Met Éireann, writes Eve Kelliher.Wedding of the week: Bride and groom are literally on cloud nine

My wife and I are in our fifties and she has just started using porn. She thinks it will enhance our sex life if we watch it together, but I find the idea a total turn-off.Suzi Godson's Sex Advice: My wife wants us to watch porn together?

As you probably have heard by now, changes to the rules concerning gift vouchers in Ireland came into effect earlier this month, giving consumers more rights when it comes to these popular items.Making Cents: Play your cards right when giving gift vouchers this Christmas

More From The Irish Examiner