Sears Canada announced today that it plans to seek court approval to liquidate all of its remaining stores and assets, which would see about 130 outlets close and put about 12,000 employees out of work.
Nearly 200 more people will be out of a job in New Brunswick if Sears Canada receives court approval to liquidate all of its remaining stores.
In January, the provincial government announced that it would provide up to $8.6 million in financial assistance to Sears Canada to create a call centre with 350 jobs in Saint John and a 180-job call centre in Edmundston.If the company receives approval to liquidate, it’s fair to assume the two call centres are dead.
Edmundston Mayor Cyrille Simard said the news was a disappointment for the city.
Sears Canada said that if it gets court approval to begin the process, it expects that liquidation sales at its stores would start no earlier than Oct. 19 and continue for 10 to 14 weeks.