An Ontario court approved Wednesday the creation of a $250,000 hardship fund for former employees of Hudson’s Bay Co. as well as $5 million in collective payments to ex-HBC staff who were set to lose their long-term disability benefits. The hardship fund is targeted at workers and retirees who have been having trouble paying expenses […]
Ontario’s Superior Court is scheduled to decide next week whether to approve a fund the insolvent company will set up to help former Hudson’s Bay Co. workers with expenses. The more than 9,300 workers who lost their jobs last year when the company collapsed weren’t paid severance and some lost access to long-term disability and […]
New court documents filed in a lawsuit against BlackBerry Ltd. allege at least three women were fired after reporting the technology firm had a “boys’ club” culture. The documents were filed in support of former BlackBerry chief marketing officer Neelam Sandhu, who launched a lawsuit against the Waterloo, Ont.-based cybersecurity firm and chief executive officer […]
Hudson’s Bay Co. is returning its former stores to landlords, effectively ending a British Columbia billionaire’s fight to take over the collapsed retailer’s leases. Franco Perugini, HBC’s senior vice-president of real estate and legal, said in an email to the Canadian Press that the company is disclaiming the leases it had for 25 properties that […]
Some former Hudson’s Bay Co. employees have filed a class-action lawsuit seeking a share of the defunct retailer’s pension surplus. The court filing was made on behalf of workers who were enrolled in a pension plan offered by Simpsons, a rival department store HBC bought in the 1970s. The takeover made HBC the administrator of […]
The real estate investment arm of one of the country’s largest pension funds is worried about the value of its assets if a B.C. billionaire is able to buy Hudson’s Bay Co.’s leases at its properties. In documents filed with the Ontario Superior Court, Oxford Properties Group argues transferring leases to “an unvetted and unproven” […]
Arina Kharlamova was cradling her two-month-old daughter when an email popped into her inbox that disrupted the calm of her maternity leave. The message invited the Whitby, Ont., woman to a meeting where she was told she was part of a layoff affecting 30 per cent of the staff at the company she worked for. […]
More than 8,300 workers will have lost their job and some benefits by the time Hudson’s Bay Co. closes all of its stores at the start of June, new court documents filed by the collapsing retailer say. The cut will span the majority of the 9,364 workers at Canada’s oldest company and form one of […]
The gender pay gap in Canada’s technology sector almost tripled between 2016 and 2021, amounting to the average salary of a woman in the industry being about $20,000 less than her male counterpart, according to a new report by researchers at The Dais, a public policy organization based at Toronto Metropolitan University. The report, which […]
Citing the “complicated” nature of pensions and need for all provinces and territories to weigh in, Finance Minister Chrystia Freeland wouldn’t provide a specific timeline for determining how much Alberta would be entitled to if it leaves the Canada Pension Plan. Speaking after a meeting with her provincial and territorial counterparts, Freeland said officials reported back to […]