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.

4 T, u2 N0 ]( a; t& Q0 u" {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.
; s1 K( X4 i9 L( Q5 s( V* o
The 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.

) @' H# H& ?$ s# m* W# k$ u8 |But there could be more cost-cutting if business conditions worsen, the retailer warned.

yingxiy