Reitmans lays off most its retail workers, some head office staff

MONTREAL — Reitmans (Canada) Ltd. is laying off 90 per cent of its Canadian retail store workers and 30 per cent of its Montreal head office employees after closing stores amid the spread of COVID-19.

The company, which employs about 7,000 people, says that nearly all of its Canadian retail store workers at its five chains will be out of work effective Sunday. The head office layoffs take effect Monday.

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Reitmans, which closed its 587 stores March 17, says it's asking remaining employees to contribute to on-going cost-saving initiatives.

In addition to its namesake Reitmans stores, the company's other banners include Penningtons, Addition Elle, RW&CO. and Thyme Maternity.

CEO Stephen Reitman says in a statement that the company has "never had to turn to such drastic measures" in its more than 90-year history.

Reitmans says its e-commerce business and Montreal distribution centre continue to operate.

This report by The Canadian Press was first published March 27, 2020.

Companies in this story: (TSX:RET.A)

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