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.
* k+ ?$ F  t) A' Q7 |$ E
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 $150 million a year.
+ N. ^! X& t: q: ~7 f' U6 ?
. Q/ T3 N$ H$ {, w4 l+ T. kThe 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.
8 v! L( M% ^! [
9 g* J6 K  G/ W. G9 s5 R8 r# hBut there could be more cost-cutting if business conditions worsen, the retailer warned.

yingxiy