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Loblaw Plans 700 Corporate Layoffs

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.

Jon Springer, Executive Editor

October 16, 2012

1 Min Read
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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 it makes sense by reducing administrative expense. We will continue to invest in driving the business forward by devoting more resources to enhance the customer proposition," Vicente Trius, Loblaw’s president, said in a statement.

Loblaw, which operates and franchises more than 1,000 stores across Canada and employs more than 135,000 people, last week had been named one of Canada’s Top 100 Employers by Mediacorp Canada.

 

 

About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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