Hudson's Bay is set to lay off over 8,300 employees by June 1, effectively ending its retail operations as all stores will close following a liquidation sale. This termination impacts about 89 percent of its workforce. A small number of employees will remain temporarily to assist with final sales and the shutdown of locations. After the distribution centres close on June 15, another 899 layoffs are anticipated, leaving a mere 118 employees to handle remaining legal and financial arrangements as per the Companies' Creditors Arrangement Act.
Hudson's Bay will lay off more than 8,300 employees, about 89% of its workforce, as it closes all its stores by June 1.
The company will keep a few employees to assist with the liquidation of in-store furniture and to manage the shutdown of locations.
Once distribution centres close on June 15, an additional 899 employees will be laid off, leaving only 118 to manage legal obligations.
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