Last updated: November 26. 2013 6:38PM - 733 Views
Associated Press



Story Tools:

Font Size:

Social Media:

(AP) Sears Canada is laying off nearly 800 employees across its operations as it moves ahead with a multi-year plan to reduce operating costs.


The retailer said Tuesday that most of the cuts would be made in its repair services and parts businesses, where 712 jobs will be eliminated during the next six months.


Another 79 employees will lose their jobs in the company's head office in Toronto.


The retailer has about 25,000 workers.


Sears Canada is looking for more ways to improve its financial results after having earlier sold several department store leases in the face of heightened competition.


Sears Canada has already closed some of its big city locations in Western Canada and has announced plans to vacate other large stores, including its flagship downtown Toronto location.


Associated Press
Comments
comments powered by Disqus


Featured Businesses


Poll



Mortgage Minute