Employment Law

Sears Canada & Creditor Protection: Why This Is Bad For Employees

Sears Canada Bankruptcy

Struggling Sears Canada has obtained temporary creditor protection, also known as bankruptcy protection, after years of financial difficulty.

Employment Lawyer David Vaughan, Partner at Samfiru Tumarkin LLP, told host Kelly Cutrara on Global News Radio 640 Toronto why this is bad news where severance pay is concerned for the 2,900 Sears employees who have been handed termination papers.

Stay up-to-date on the latest about Sears and severance pay right here.

 

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