As Hudson’s Bay continues to work through liquidation and restructuring plans in an Ontario court, documents have revealed that the department store plans to pay up to $3 million in retention bonuses to some managers and executives.
In court documents filed earlier this month, the retailer asked that nearly $3 million be set aside for “key employees” so Hudson’s Bay can “retain their services” through the liquidation process.
The company said that the employees were selected because their “continued service will be critical to the success of any wind-down or restructuring.”
The court documents said there are a total of 121 key employees across the companies over 9,300 employees who will receive the payments. Approximately…
