BRAMPTON, Ontario — Loblaw Cos. here on Tuesday said it would lay off approximately 700 jobs at its corporate headquarters here over the next three weeks. The workforce reduction will allow the company to reduce expenses and provide for investments to enhance the customer proposition, the company said in a statement. Loblaw said it would take a one-time charge of $60.8 million (U.S.) reflecting the anticipated costs of the planned reductions. "We're managing costs where ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.