Sears Canada has applied for liquidation on Tuesday October 10th 2017, they are waiting for court approval which is expected to take place on Oct. 13, 2017.
Leaving the liquidation sales to start on Oct. 19, 2017 and will last for a period of 10-14 weeks.
The company plans to close all 130 stores. Which across Canada is almost 12,000 jobs. In the Maritimes alone over 780 jobs will be affected.
Here is a breakdown for the Maritime provinces:
New Brunswick: 452 jobs affected
P.E.I: 85 jobs affected
Nova Scotia: 246 jobs affected
There now is two Sears Canada call centres one in Saint John, N.B and the other in Edmundston, N.B.
$8.7 million was being invested by the government for the centres, however at this time it has been confirmed no money was handed over.
Opportunities NB said “No government money has been given to Sears nor is there any plan to provide it.”
However, On Jul 9, the TJ asked why GNB was listed as a Sears creditor. Brian Gallant committed to looking into the matter further.
It’s been 3 months.
In January 2017, the Economic Development Minister, Francine Landry, had stated after the government decided to invest in the company that “Sears was a good investment for New Brunswick”.
Landry talked about a review that had been done, with much due diligence, and also adding that Sears Canada operation was in “better shape” than the USA operations.
Brian Gallant said on CTV Atlantic that there was no investment made. However Landry did not suggest that in February 2017, as MLA Brian MacDonald was quick to point out.
There is also another video CLICK HERE saying that “The company is happy with the deal”, but what about New Brunswicker’s?
Are you happy?