Hudson's Bay cutting 265 jobs, streamlining North American operations

September 29, 2015 7:19 PM

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Hudson's Bay cutting 265 jobs, streamlining North American operations

TORONTO Hudson's Bay Co (HBC.TO) plans to eliminate 265 headquarter and other corporate jobs and cut costs to save C$75 million (US$55.86 million) as it streamlines its North American operations, the department store operator said on Tuesday.

The company said it is expecting a C$20 million charge in the third quarter as it consolidates key business functions to cut duplication across its various department store operations.

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