Hudson’s Bay will lay off more than 8,300 employees by June 1, according to documents published Monday evening, at which point the retailer will have closed all its stores and its liquidation sale will have run its course.
Some employees will be kept on staff to sell in-store furniture, wind down locations
Hudson’s Bay will lay off more than 8,300 employees — about 89 per cent of its workforce — by Sunday, according to documents published Monday evening, at which point the retailer will have closed all its stores and its liquidation sale will have run its course.
CBC News previously reported that the Canadian brand was expected to wind down its operating stores on June 1, and that the majority of its employees would likely be terminated by then.
Some employees will be kept on staff to help sell any in-store furniture and to shut down the remaining locations. Once the company’s distribution centres close on June 15, an additional 899 employees are expected to be laid off.
The remaining 118 employees will help the company carry out its obligations through the Companies’ Creditors Arrangement Act, the documents said.
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