Human Resources
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Sears Canada seeks court approval to liquidate all stores, 12,000 to lose jobs
“Frankly, it was all a little, too little, too late,” one analyst said of the iconic retailer’s efforts to reinvent itself. After failing to find a buyer, the company is seeking approval to close all of its 130 remaining stores
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UK defence mega-company BAE cutting 2,000 jobs
A union official decried the cuts, saying they will undermine Britain’s sovereign defence capability and “devastate communities across the U.K. who rely on these skilled jobs.”
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U.S. NAFTA pullout could cost hundreds of thousands of jobs, U.S. Chamber warns
In an unusually blunt series of comments from the largest American business group, an official said the U.S. withdrawing from the trade deal would create a “political and economic debacle”
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Canadians more pessimistic about their financial future: Poll
In a recent survey, the number of Canadians who self-identify as “middle class” sits at 43 per cent, the lowest recorded since 2002 when about 70 per cent of Canadians defined themselves in those terms
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Denso plans US$1B investment in Tennessee auto parts plant
The cash will create more than 1,000 new jobs and position Denso’s Maryville, Tenn. plant as the company’s primary North American manufacturer of electric vehicle parts
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September marked Canada’s tenth consecutive month of jobs growth
September’s unemployment rate stayed at a nine-year low of 6.2 per cent after country added 10,000 net new jobs, including 112,000 full-time positions
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Next round of Bombardier duties coming today after Commerce Dept. delay
As if the 220 per cent preliminary tariff announced last week wasn’t enough, the U.S. is expected to pile more “absurd” duties on the Canadian plane maker Friday
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Unifor, GM pause CAMI labour talks, two sides remain far apart
The union says it has been meeting with the automaker daily since Sept. 27 and have “worked through a lot of the contract language” but has made no headway on the outstanding issues
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Mystery chemical leaks from Toronto recycling plant
Officials say several people experienced respiratory difficulties but firefighters have so far been unable to identify and find the substance
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Sears Canada has tight timeline to decide on sale or liquidation
The firm’s lenders are pressing for liquidation as early as mid-October, while a group of potential buyers has made a revised bid for the embattled retailer