Hudson's Bay Co. intends to close most of its stores amidst financial turmoil, while controversially allocating up to $3 million in retention bonuses to managers and executives. With over 9,300 workers facing imminent layoffs, labor activists and affected employees have voiced their outrage over the decision. Canadian Labour Congress president Bea Bruske condemned the bonuses as "incredibly egregious," and worker Kevin Grell expressed disbelief and frustration at being overlooked in favor of management during the company's restructuring efforts after seeking creditor protection.
The beleaguered Hudson's Bay Co. plans to close most of its 96 stores while allocating up to $3 million in retention bonuses to a select team.
Several workers and labour activists criticized the decision to reward managers with retention bonuses while over 9,300 employees face job loss.
Canadian Labour Congress president Bea Bruske called the payment of retention bonuses while denying severance to displaced workers "incredibly egregious".
Employee Kevin Grell, whose emotions reflect widespread discontent, expressed outrage at the bonuses, deeming it a "kick in the ass" for the hardworking staff.
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