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.
' ~1 r# a% D! U; y
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.

5 U/ l' _& [$ JThe 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.

6 |1 x2 _, G- G, {- [( N# f3 u' P) B9 ~But there could be more cost-cutting if business conditions worsen, the retailer warned.

yingxiy