1 week ago
20
Business·New
Hudson's Bay volition laic disconnected much than 8,300 employees by June 1, according to documents published Monday evening, astatine which constituent the retailer volition person closed each its stores and its liquidation merchantability volition person tally its course.
Some employees volition beryllium kept connected unit to merchantability in-store furniture, upwind down locations
Jenna Benchetrit · CBC News
· Posted: May 27, 2025 10:02 AM EDT | Last Updated: 3 minutes ago
Hudson's Bay volition laic disconnected much than 8,300 employees — astir 89 per cent of its workforce — by Sunday, according to documents published Monday evening, astatine which constituent the retailer volition person closed each its stores and its liquidation merchantability volition person tally its course.
CBC News antecedently reported that the Canadian marque was expected to upwind down its operating stores connected June 1, and that the bulk of its employees would apt beryllium terminated by then.
Some employees volition beryllium kept connected staff to assistance merchantability immoderate in-store furnishings and to unopen down the remaining locations. Once the company's organisation centres adjacent connected June 15, an further 899 employees are expected to beryllium laid off.
The remaining 118 employees volition assistance the institution transportation retired its obligations done the Companies' Creditors Arrangement Act, the documents said.
ABOUT THE AUTHOR
Jenna Benchetrit is the elder concern writer for CBC News. She writes stories astir Canadian economical and user issues, and has besides precocious covered U.S. politics. A Montrealer based successful Toronto, Jenna holds a master's grade successful journalism from Toronto Metropolitan University. You tin scope her astatine jenna.benchetrit@cbc.ca.
English (US) ·