An Ontario judge has approved Sears Canadas request for a revised retention bonus plan for key head office staff and store managers who stay through its liquidation process.
The number of people covered by the retention plan for head office executives and staff has dropped to 36 from 43, and the amount that could be paid under that plan has dropped to $2.8 million from $3.9 million.
Under the revised plan, the key head office employees can earn their bonuses if they stay with the company until next March or April, depending on the person.
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Before granting the companys request, Justice Glenn Hainey got assurances that there are no additi…
Read the full article at: https://www.thestar.com/business/2017/10/18/sears-canada-extended-warranties-run-out-wednesday.html
