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retailerCityNews
•Business
Business & Economics
72% Informative
Staff have been told their pensions are safe, but a supplemental retirement pension plan is underfunded by millions .
Many have no idea whether they will hang onto their pensions and benefits or even receive severance.
The situation is “disappointing and embarrassing,” said Margaret Henry , who works as an e-commerce processor at the same Toronto facility.
Workers grew used to overtime being plentiful when key shopping seasons like Christmas or Bay Days came around, but something changed around Black Friday 2023 .
Hudson’s Bay owed hundreds of millions to a 26 -page list of creditors including Chanel , Columbia Sportswear and Diesel .
The company said its financial troubles were caused by decreased consumer spending and Canada - U.S. trade tensions.
VR Score
72
Informative language
69
Neutral language
62
Article tone
informal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links
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