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Hudson’s Bay will have terminated more than 8,000 employees by June 1

  • Hudson's Bay will have terminated over 8,300 employees by June 1 as it closes all 96 stores across Canada.
  • The terminations follow Hudson's Bay filing for creditor protection in March due to unpaid bills and an inability to secure funding amid pandemic recovery challenges.
  • The company sold its intellectual property, including its brand and iconic stripes, to Canadian Tire and plans to end most employee benefits by mid-June.
  • Hudson's Bay stated it will terminate 8,347 employees by June 1 and an additional 899 on June 15, with workers receiving accrued vacation pay but no severance payments.
  • The company is seeking Wage Earner Protection Program assistance for employees and exploring a hardship fund, while unions push for improved severance and benefits.
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Western Investor broke the news in on Monday, May 26, 2025.
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