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Hudson’s Bay will have terminated more than 8,000 employees by June 1

  • Hudson's Bay will have terminated more than 8,300 employees by June 1 as it closes all 96 stores across Canada following a liquidation process.
  • In March, the company sought creditor protection as it struggled financially due to a sluggish pandemic recovery, decreased downtown foot traffic, ongoing tariff conflicts, and an inability to obtain necessary funding.
  • Hudson's Bay sold its intellectual property, including the brand and iconic stripes, for $30 million to Canadian Tire, which will sell branded products in 1,700 stores pending court approval.
  • Court documents show 8,347 employees, representing 89 percent of the workforce, will lose jobs mostly without severance, though accumulated vacation pay will be paid and the company seeks Wage Earner Protection Program assistance.
  • The closures mark one of Canada's largest retail layoffs, prompting union rallies demanding better severance and benefits, while the company explores hardship funds to support financially affected employees.
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Hudson's Bay says 8,300 workers to be out of a job by June: court docs

More than 8,300 workers will have lost their job and some benefits by the time Hudson's Bay closes all of its stores at the start of June, new court documents filed by the collapsing retailer say. The cut will span the majority of the 9,364 workers at Canada's oldest company and form one of the coun...

·Kelowna, Canada
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Western Investor broke the news in on Monday, May 26, 2025.
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