Ex-HMV workers to receive monies

In a statement yesterday, Hilco, the company that bought the Irish stores a couple of years ago, said the directors âwill fund the amounts due to the 29 employees who are entitled to redundancy (to be paid no later than Wednesday to each employee) so that employees are not beholden to the timing of a liquidatorâs appointmentâ.
The statement said the company was âinsolvent and cannot meet its obligationsâ and it was âplaced in a process on Friday morning [last] when its banks demanded payment of debtâ.