One of the biggest stores on the planet is closing hundreds of its branches… employees are claiming their store is actually operating under life support,and it’s just a matter of time before sunset.
Sears Canada to lay off more than 1,600 in latest cost-saving move
Hollie Shaw | January 15, 2014 | Last Updated: Jan 16 8:11 AM ET
The company, which has sold back the leases of prime stores to landlords to raise cash and has outsourced some IT, apparel design and finance positions in a bid to trim its bloated cost structure, has let go 283 employees in its logistics organization, effective immediately.
It will lay off another 1,345 over the next nine months from three internal customer contact centres, and has contracted that work out to third-party vendor IBM.
“These types of decisions are not made without considerable thought and deliberation,” Douglas Campbell, chief executive, said in a statement.
“We are planning for the future of Sears Canada and taking steps now that will allow us to continue serving customers as a viable national retailer coast to coast in stores and through our direct channel now and in the future.
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Sears Canada to lay off 624 employees
Company says cuts, affecting mostly middle management positions, will improve communication
The Canadian Press Posted: Jan 29, 2014 8:28 PM ETLast Updated: Jan 29, 2014 8:34 PM ET
Sears Canada Inc. has announced a round of layoffs for the second time this month, eliminating 624 workers.
The struggling company said Wednesday the cuts will help improve communication and encourage more consistency within its operations.
Most of the reductions will be in middle management at Sears department stores, affecting an average of five employees per location, Sears Canada said in a release.
The company also said it will rework its regional and head office structure to reflect the latest changes and to align it with the smaller business.
Two weeks ago Sears Canada said about 1,600 positions would be affected as it moved ahead with plans to shutter its three Canadian call centres and reduce staff at its warehouses.
Sears Canada is trying to reduce costs and improve its overall business as part of a three-year turnaround plan. Last year, the company made a similar round of cuts that has lowered its overall employee count to around 20,000 people.
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