Skip to comments.Sears cutting 245 jobs, mostly at head office (Canada)
Posted on 08/21/2013 10:31:55 PM PDT by 2ndDivisionVet
TORONTO Sears Canada (TSX:SCC) is cutting 245 jobs, mostly at its head office in Toronto, and moving some of the work overseas.
The reductions will affect 138 of the jobs in the retailers information technology department, 99 in finance and eight in payroll.
About 200 of the cuts are in the Toronto area, 38 are in Montreal and six in Belleville, Ont.
Sears said the workload will be transferred to external third-party providers whose business expertise includes updated systems and processes that can more efficiently perform the work involved.
While the company didnt provide a specific breakdown on how the work will be re-assigned, spokesman Vincent Power said a contingent of workers will be in Canada while the majority of the IT work is expected to be done in the Philippines and the majority of the finance and payroll work in India.
They have invested in systems that are core to the services their businesses provide, and that would require Sears to invest in areas that are not core to its retail business, Powers said in an email.
Instead, Sears can focus its investments on core retail priorities such as better product offerings, updated visual presentation standards, improvements to stores, e-commerce and marketing techniques.(continued)
(Excerpt) Read more at montrealgazette.com ...
Obama’s failed economic policies adversely impact the entire North American continent. The unspeakable damage he’s done with his programs of increased regulation and skyrocketing taxes reach beyond the borders of the United States. A global meltdown is around the corner thanks to his dismal administration.
My wife and I went to Hopewell, VA last year and saw 6 or 7 Sears “build your own” homes from the 40’s or 50’s. They were actually the nicest houses in the neighborhood. Really well built, pretty homes. I haven’t seen anything good come out of Sears since our “Lady Kenmore” dryer from 1980 or so.