Hudson's Bay to liquidate stores, affecting over 9,300 employees

Hudson’s Bay Co. is facing significant layoffs as the company prepares to close most of its stores in Canada. Currently, more than 9,300 employees are worried about losing their jobs as the retailer struggles financially. An order processor at a distribution center described the atmosphere as tense. Employees are concerned not only about their jobs but also about the uncertainty of their future. Earlier this month, Hudson’s Bay sought protection from creditors, but talks to save many of its stores were unsuccessful. A court has now approved liquidation sales for almost all locations, set to begin on Monday and finish by mid-June. Employees will continue to receive their pay while they are still working, but many will likely face layoffs, leading to over $100 million in severance claims. The union representing Hudson’s Bay workers is urging the company to honor severance agreements. There is also concern that government support for workers may not be available until all are terminated, leaving many in a difficult position. Reports indicate that the company's employees have been inundating lawyers with calls, expressing deep worries about job loss. Although Hudson’s Bay reassured workers that their pensions are safe, the mood remains bleak. Many staff feel the pressure of the impending layoffs and are processing customers' excitement about sales, all while fearing for their own livelihoods. Retailers in Hudson’s Bay stores are also feeling the impact, as the potential job loss affects entire families. Employees have noticed fewer orders and delays in payments to suppliers, indicating the company’s ongoing struggles. One worker, at 61 years old, now fears the difficulty of finding new employment if layoffs occur. Many are worried about their future in a challenging job market.