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HBC's restructuring plan opposed by employees, joint-venture partner RioCan

financialpost
Summary
Nutrition label

70% Informative

Hudson's Bay Co. ULC workers and a key real estate partner have opposed a restructuring agreement that Canada ’s oldest departmental store wants to get approved by an Ontario court.

The agreement prevents “the future appointment of employee and retiree representative counsel,” lawyers representing some HBC workers said in a court filing on March 26 .

More than 9,000 workers are expected to lose their jobs as HBC tries to liquidate all but six of its stores.

VR Score

73

Informative language

69

Neutral language

77

Article tone

informal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

8

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