Tuesday, August 08, 2017

Severe Severence For Some.

In June, SEARS Canada said it planned to close 59 stores and cut 2900 jobs without severance pay under the companies creditors arrangement act.

What makes the whole situation so weird is SEARS plan to pay $9.2 million in retention bonuses to those who are not being laid off, many of whom, but not all, are in management. But then whoever said capitalism and sense go hand in hand?

 John and Steve.

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