US EditionLabour groups, lawyers hope fall of Hudson’s Bay will spur change for workers
CANADA, JUL 7 – Labour groups urge government to prioritize workers over lenders in creditor protection cases to reduce hardship after Hudson's Bay collapse, representing 9,364 employees, union says.
- On March 7, 2025, Hudson’s Bay, Canada's 355-year-old retailer, filed for creditor protection under the CCAA, aiming to prompt legislative reforms for workers.
- Hudson’s Bay's financial troubles, blamed on COVID-19, declining traffic, and tariffs, led to its creditor protection filing in March and ongoing asset liquidation.
- Records show 26 pages of creditors, including secured lenders Restore Capital, Pathlight Capital, and Bank of America, while employees remain unsecured with 'TBD' owed amounts.
- Employees face loss of wages, severance, and health benefits after Hudson’s Bay's liquidation, with workers told they are last in line for repayment.
- Unifor urges the Canadian government to prioritize workers in creditor protection laws, advocating for legislation ensuring their claims are paid first to improve future worker protections.
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They call for stronger support programmes and for priority to be given to workers rather than lenders.
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Labour groups, lawyers hope fall of Hudson's Bay will spur change for workers
When Hudson's Bay employees rallied in front of two of the iconic retailer's properties in late May, days before the retailer closed its doors for good, they knew there was no hope of saving their jobs. Their goal instead was to encourage lawmakers to make the fall of the 355-year-old retailer
Fall of Hudson’s Bay will spur change for workers, labour groups, lawyers hope
When Hudson’s Bay employees rallied in front of two of the iconic retailer’s properties in late May, days before the retailer closed its doors for good, they knew there was no hope of saving their jobs.
Labour groups, lawyers hope fall of Hudson’s Bay will spur change for workers
When Hudson’s Bay employees rallied in front of two of the iconic retailer’s properties in late May, days before the retailer closed its doors for good, they knew there was no hope of saving their jobs.
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