We expect that in this current economic climate some businesses will fail.
I’ve seen restaurants and bars go through several name changes and menus as new owners try to make a go of it.
We’ve seen department stores become bargain basements and now Sears Canada is throwing in the towel and everything else they sell.
Unable to find a buyer, they are asking the court for permission to liquidate and maybe shut down by Christmas.
Sears Canada said it regrets the loss of jobs. Not as much as the people who lost them starting back in June when nearly 3,000 were shown the door without the severance they had a right to expect.
As always the rules are more helpful to corporate interests than they are to the employees.
I’ve always thought when a big manufacturer supplies merchandise to a store on credit, it was like they were sort of investing in the company, and that when employees give their time, they should be first in line for help when a company goes under.
It’s not right that our labour laws offer no protection to employees. If the government truly cared, they’d change that. Let me know what you think.
Bob Layton is the news manager of the Corus Edmonton group of radio stations and a commentator for Global News.