Sears Canada plans to lay off 624 employees in effort to improve its operations
TORONTO - For the second time this month, Sears Canada Inc. (TSX:SCC) has announced a round of layoffs, this time as the retailer eliminates 624 workers.
The struggling company says the cuts will help improve communication and encourage more consistency within its operations.
Sears Canada says most of the reductions will be in middle management at Sears department stores, affecting an average of five employees per location.
Two weeks ago Sears Canada said about 1,600 positions would be affected as it shuttered its three Canadian call centres and reduced staff at its warehouses.
Sears Canada is trying to reduce costs and improve its overall business as part of a three-year turnaround plan.
Read more Business News
- 80,000 lose powerBC - 5:54 am
- Hiker struck by falling rockPenticton / S. Okanagan
- Apartment laundry rooms targetedPenticton / S. Okanagan - 5:00 am
- School District remits $11.5MCentral Okanagan - 5:40 am
|QHR Technologies Inc||1.16||-0.01|
|Anavex Life Sciences||0.192||+0.001|
|Copper Mountain Mining||2.07||-0.10|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.46||0.00|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...