Hudson's Bay cuts 1,000 jobs

newlife

Canada's largest department store chain is slashing 1,000 jobs across Canada, or 5 per cent of its full-time workforce, citing the need to cut costs.
) T2 t, k4 }" H. M# J/ E
Hudson's Bay Co. said today that the job losses, which affect mainly head office staff in accounting, information technology and logistics, would help it save $150 million a year.

' `% y$ G3 I' S6 J: `, k3 }5 J4 SThe job cuts, effective today, are the result of a strategic decision by Hudson's Bay's new U.S. owners to combine more of its Canadian and U.S. operations to save money.
% ^( j9 `* _$ z) V% n
, H: r3 M& L5 v. v& UBut there could be more cost-cutting if business conditions worsen, the retailer warned.

yingxiy