January 29, 2014 / 9:59 PM / in 4 years

Sears Canada to cut 624 jobs

(Reuters) - Struggling department store operator Sears Canada Inc SCC.TO said it would cut 624 jobs as it reorganizes its business.

People walk past the main Sears store in downtown Vancouver, British Columbia February 23, 2011. REUTERS/Andy Clark

The job cuts will primarily affect mid-tier employees within its full-line stores, resulting in an average reduction of five employees per store, the company said on Wednesday.

Sears Canada, controlled by Sears Holdings Corp SHLD.O, said earlier in January it would cut 7 percent of its workforce.

At that time the company said it would have about 20,000 employees after the planned jobs cuts.

Reporting By Sneha Banerjee in Bangalore; Editing by Sriraj Kalluvila

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below