Money 'Anger, betrayal': Sears staff speak out about demise of the company and their jobs

23:41  11 october  2017
23:41  11 october  2017 Source:   cbc.ca

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' Anger , betrayal ' Sears staff speak out about demise of the company and their jobs .

"Many of us feel frustrated, anger , betrayal ," a Sears manager told CBC News in an email on Tuesday. A Sears memo sent to staff Wednesday said workers will lose their jobs as early as within the The manager blames Sears ' demise on mismanagement by those in charge of the company .

Sears Canada workers are feeling confused and angry after learning on Tuesday that the retailer is planning to close its remaining 130 stores.

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19, striking the store out of trade and about 12,000 staff out of paintings. “Many of us feel frustrated, anger , betrayal ,” a Sears supervisor instructed CBC News in an e mail. The supervisor blames Sears ’ demise on mismanagement by way of the ones in price of the company .

It was a day of confusion, anger and sadness for Sears workers on Tuesday when they learned that the retailer is making plans to close its remaining 130 stores.

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If Sears gets court approval, it will start liquidating the stores as early as Oct. 19, putting the retailer out of business and about 12,000 employees out of work.

"Many of us feel frustrated, anger, betrayal," a Sears manager told CBC News in an email. He and another employee interviewed asked that we not publish their names because they still work for the retailer and fear retribution.

"People don't know what to do," said the manager about staff at his location. "Many people went home already as they were physically upset and needed some personal space." As far as he understands, the mass layoffs will begin next week.

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' Anger , betrayal ': Sears staff speak out about demise of the company and their jobs .

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The manager blames Sears' demise on mismanagement by those in charge of the company. "So much wasted money on renos for stores, head office when we were bleeding for cash," he said.

"It's been an extremely painful process to see it all thrown away."

Former employee, Zobeida Maharaj says Sears' demise dashed the hopes of workers still clinging to the notion the retailer could survive.© CBC Former employee, Zobeida Maharaj says Sears' demise dashed the hopes of workers still clinging to the notion the retailer could survive.

Sears Canada has been in court-approved creditor protection since June 22. It has already closed 58 stores and laid off more than 3,000 staff. Many workers who remained were hopeful that a current bid to buy the retailer would succeed and save their jobs.

But now it appears that the bid, led by Sears executive chairman Brandon Stranzl, is no longer on the table.

"We have been told his bid is officially dead unless there is … 'a miracle,'" says the manager.

'Terrible Christmas present'

Another Sears Canada manager told CBC News that he knew the retailer was doomed last week when it got court approval to shut down 10 more department stores, some of which had already been renovated to reflect a modernized Sears.

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' Anger , betrayal ': Sears staff speak out about demise of the company and their jobs .

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"It was over. We all knew it but we had to keep our mouths shut," he said. "Those stores were the crown jewels."

Now that Sears intends to close its doors, he said, staff at his location are devastated.

"We're really upset. It's a very terrible Christmas present," he said. "There are people that lived this company. They don't understand how this happened."

Like the other manager we spoke with, he believes Sears Canada met its demise because of mismanagement while the retailer attempted to reinvent itself last year. Efforts included a new logo, store format, redesigned website and trendy clothing lines.

"It's ludicrous. They just pissed away money and nobody could say anything," said the manger. "I invested a lot of time in this company. And it just seems like no way possible we were going to succeed."

In a staff memo sent Tuesday, Sears executive vice-president Becky Penrice offered a different explanation for Sears' misfortune.

"The actions being taken are a reflection on the state of the retail market today," she said.

Penrice added that she regrets that the retailer has reached this point, and that "this is an extremely sad day for all of us and certainly not the outcome we wanted."

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' Anger , betrayal ': Sears staff speak out about demise of the company www.cbc Sears Canada - Wikipedia https Sears Canada job losses ‘very sad,’ says former executive - Duration: 1:38. Sears Canada Closes All Their Stores! 12,000 employees will be laid off - Duration: 8:27.

' Anger , betrayal ': Sears staff speak out about demise of the company and their jobs . "There's a really good team down there, and I know the Windsor store was one of the better stores in the Sears chain."

If Sears gets court approval, it will start liquidating the stores as early as Oct. 19, putting about 12,000 employees out of work.© CBC If Sears gets court approval, it will start liquidating the stores as early as Oct. 19, putting about 12,000 employees out of work.

She told workers that if Sears Canada receives court approval to liquidate, employees will lose their jobs over the next few months, and that liquidation sales will run for 10 to 14 weeks.

'It's really over'

The news that Sears is closing crushed the hopes of employees still clinging to the notion the retailer could survive, said Zobeida Maharaj. The laid-off senior operations store manager spent 28 years working for Sears in the Toronto area and is in constant contact with current employees.

"They're angry," she said about some of the workers she spoke with on Tuesday after they learned their fate.

"They waited, they hung in. They had that hopeful thing that their stores would probably be saved."

But now even Zobeida, who was laid off in March, is having difficulty coming to terms with the demise of Sears.

"You do get upset because you spent most of your adult life in that company and people that you work with become your family," she said.

"It's really over. I'm sad."

Sears Canada granted approval to liquidate .
TORONTO - Sears Canada has received court approval to proceed with a full liquidation of its remaining stores, signalling the end of an era for a 65-year-old chain that was once a staple at malls across the country. Ontario Superior Court heard Friday that after weeks of discussion and a bid from the company's executive chairman, no viable buyer has been found. The move will put 12,000 of its employees out of a job. Justice Glenn Hainey approved Sears Canada's motion to liquidate its remaining 130 stores, and said he was satisfied that there was no viable alternative following a months-long saga stemming from the embattled retailer's decision to seek protection from its cr

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