They had a better operation than the US operation too
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Bill Jones, director of the Canadian Federation of Pensioners, says Sears is another example of a broken, or partially broken, pension promise. He points to the billions of dollars Sears Canada has been sending to majority shareholder Edward Lampert, chairman of Sears Holdings Corp., while failing to put money in the pension fund against the deficit. As a result, “all the people who are Sears pensioners or are going to become pensioners if they’re active employees
Interesting
1kri
How sad that again the little guy who gave their lives to the company being loyal for all those years to earn a pension only to have it reduced
Did sears Canada stop the 401k match 7-8 years ago there too?
75 cents on the dollar, and it was better funded than the US pension
SO sad for all the hard working employees.
Wonder if the retirees got their pension or it it got cut
Very sad