Canada / Sears lays off 700 workers

Sears Canada announced Thursday it is laying off 700 workers across the country as part of a move to “right-size” the company and focus on restructuring its business.

The national retailer says 360 people are being laid off from its department stores and about 300 from its distribution centres. The remaining workers are being let go from head office and other support areas.

The job cuts will be across Canada.

“This is part of our initiative to right-size the organization, which is working in concert with other initiatives to make Sears successful,” said Sears spokesman Vince Power in a statement.

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via Sears Canada lays off 700 workers – Business – CBC News.