640 jobs lost as Sears ally in receiv...

640 jobs lost as Sears ally in receivership

Posted in the Georgetown Forum

by canada

Georgetown, Canada

#1 Dec 14, 2013
TORONTO - A total of 640 people are out of work after a key Sears Canada ally has gone into receivership.

A spokeswoman for Pricewaterhouse Coopers Inc. says only a small number of employees at SHS Services Management Inc. will be temporarily retained to help with the receivership process.

Kiran Chauhan says the layoffs at the independent installation services company are spread across the country.

SHS is quartered in Markham, Ont.

Sears (TSX: SCC) says it will ensure that all Sears Home Services warranties are honoured.

The retailer itself announced last month that it's laying off another 800 employees across its operations in another round of major cuts.

Sears has been scaling back operations as it sees its position in the industry severely eroded.

The company has already laid off thousands of people over the past few years and the latest round will leave it with 25,000 employees across the country
Sears Home Services

Georgetown, Canada

#2 Dec 14, 2013
Boo them outThat about it

Georgetown, Canada

#3 Dec 15, 2013

Toronto, Canada

#4 Dec 15, 2013

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Georgetown Discussions

Title Updated Last By Comments
(Oct '12) 11 hr local Mafia gurl 2
News Conserving electricity is topic of Power Agm (Feb '07) 13 hr Tesla fan eh 6
The LITTLE NHL (Jan '09) 13 hr Leaf fan eh 19
Canadian military plane catches fire in Florida (Feb '12) 20 hr Really now 2
Look at all the jobs you Let go in town (Jun '09) 20 hr Same used 2 happe... 95
Another 150 layoffs at U.S. Steel (Nov '08) 22 hr Nassagawya 2
News Halton Hills holding public meeting to discuss ... 22 hr nuther press rele... 1
More from around the web