Toys “R” Us Bankruptcy: What Canadian Employees Need to Know
Has Toys “R” Us Filed for Bankruptcy?
Toys “R” Us Canada is currently seeking creditor protection as it navigates approximately $160 million in debt and outstanding gift card obligations.
Since 2018, the retailer has been closing dozens of stores and laying off staff across North America.
According to court filings, 22 Toys “R” Us stores remain open in Canada.
Our Bankruptcy Guide breaks down everything that non-unionized employees in Canada need to be aware of in this situation.
Our Advocacy: The Sears Act
At Samfiru Tumarkin LLP, we saw first-hand how employees at Sears Canada lost their jobs, severance, and pensions during the company’s bankruptcy.
That’s why we’re leading the call for the Sears Act — proposed legislation that would:
- Give employees secured creditor status in bankruptcies
- Ensure employees are paid first, before banks and landlords
Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.
About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
More about Lior SamfiruRelated Posts
Cineplex Closing Theatre in Toronto’s Beaches Neighbourhood After 20+ Years
The latest information on the closure and comprehensive employment resources for affected workers in Toronto.
Bell Canada Layoffs: What’s Happening, Who’s Affected, and Your Severance Rights
Bell Canada has announced new layoffs. Learn who’s affected and how much severance non-unionized employees may be owed.
Build Canada Homes on Track to Become Crown Corp.: Key Employee Takeaways
Insights on the federal government's plan and what non-unionized employees need to know if they lose their job.