Reitmans lays off most its retail workers, some head office staff | iNFOnews | Thompson-Okanagan's News Source

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Reitmans lays off most its retail workers, some head office staff

A Reitmans sign is seen on a store front in Montreal on Tuesday, June 18, 2019. Reitmans Canada Ltd. says it is laying off 90 per cent of its Canadian retail store workers and 30 per cent of its Montreal head office employees after closing stores amid the spread of COVID-19. THE CANADIAN PRESS/Paul Chiasson
March 27, 2020 - 9:23 AM

MONTREAL - Reitmans (Canada) Ltd. is laying off 90 per cent of its Canadian retail store workers and 30 per cent of its Montreal head office employees after closing stores amid the spread of COVID-19.

The company, which employs about 7,000 people, says that nearly all of its Canadian retail store workers at its five chains will be out of work effective Sunday. The head office layoffs take effect Monday.

Reitmans, which closed its 587 stores March 17, says it's asking remaining employees to contribute to on-going cost-saving initiatives.

In addition to its namesake Reitmans stores, the company's other banners include Penningtons, Addition Elle, RW&CO. and Thyme Maternity.

CEO Stephen Reitman says in a statement that the company has "never had to turn to such drastic measures" in its more than 90-year history.

Reitmans says its e-commerce business and Montreal distribution centre continue to operate.

This report by The Canadian Press was first published March 27, 2020.

Companies in this story: (TSX:RET.A)

News from © The Canadian Press, 2020
The Canadian Press

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