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

  • Hudson's Bay announced it will have terminated over 8,300 employees by June 1 as it closes all 96 Canadian stores.
  • The layoffs follow Hudson's Bay filing for creditor protection in March due to cash flow issues worsened by pandemic recovery and lower downtown traffic.
  • The company is transferring its intellectual property rights to Canadian Tire in a $30 million deal and has started closing its stores, with remaining staff helping to manage the shutdown process.
  • Hudson's Bay will eliminate 89% of its workforce by June 1 and plans to terminate about 899 more employees around June 15, with no severance pay but accrued vacation paid.
  • Unifor urges Hudson's Bay to honor severance obligations and raise the Wage Earner Protection Program cap, while the company explores a hardship fund for 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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