As the Hudson’s Bay Company (HBC) store closures in Canada loom, so do massive job losses.
In a court document filed on Monday, North America’s oldest company revealed that June 1 will mark the closure of over 80 stores after a months-long liquidation process that began in late March.
The Bay stated that the shuttering of its stores in Canada on Sunday will also bring the termination of approximately 8,347 employees, which is about 89 per cent of its workforce. HBC employs around 9,400 people, including 647 who are unionized.
According to the court documents, the remaining 1,017 workers include distribution centre employees. Distribution centres are expected to shut down on June 15, which…
