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Thursday, February 19, 2009

sears laying off 350 employees


From CP24

Sears Canada joined the growing list of Canadian businesses laying off employees by letting go of nearly 350 workers on Thursday.

The company's director of corporate communications, Vincent Power, confirmed to CP24 that the retailer is laying off less one percent of its 35,000 employees.

Power says the layoffs will affect the product repair services business and head office employees based in downtown Toronto.

Some of the layoffs are across Canada, however most of the positions affected are in Toronto.

Power would not say whether more layoffs would happen in the future but believes the layoffs will not affect customer service levels.

"We are reviewing our business operations in this difficult economy and trying to take action to run our business properly," he says.

The layoffs are effective immediately.

News of the job cuts at the retailing giant comes close to three weeks after the Hudson's Bay Company announced it was letting go of 1,000 jobs - about five percent of its full-time workforce.