Particle.news
Download on the App Store
7 ARTICLES
·
3mo ago

Hudson’s Bay to close all stores by June 1, cutting 8,300 jobs

Distribution centres will close on June 15, cutting 899 more jobs, leaving 118 workers to oversee the remaining wind-down.

People walk into a Hudson's Bay store in Hamilton, Ontario, Canada March 21, 2025. REUTERS/Carlos Osorio/File Photo
Image
Shoppers enter the Hudson's Bay store in downtown Calgary, Alta., Thursday, March 20, 2025. THE CANADIAN PRESS/Jeff McIntosh
Shoppers are pictured in Hudson’s Bay department store, in Toronto, on March 13. Hudson's Bay will lay off more than 8,300 employees by June 1, according to documents published Monday evening, at which point the retailer will have closed all its stores and its liquidation sale will have run its course.

Overview

  • Hudson’s Bay entered court-approved liquidation in late March after failing to secure financing to manage its more than $1.1 billion debt load.
  • Court documents show 8,300 employees—about 89 percent of the workforce—will be laid off by June 1 with no severance offered beyond accrued vacation pay.
  • The company’s distribution centres are set to shut on June 15, triggering an additional 899 layoffs.
  • After June 15, only 118 employees will remain to carry out obligations under the Companies’ Creditors Arrangement Act.
  • Unions representing Hudson’s Bay workers are demanding severance pay and denouncing the $3 million in bonuses awarded to executives during the liquidation process.