Hudson's Bay managers will get up to $3 million in bonuses, but workers get no severance

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Guys who tank the company $3m People who spent their lives making the company what it was $0. Corrupt AF system
- Privatize the gains, socialize the losses.
The government should intervene in situations like this.

Complete BS.
- They do it because they can get away with it.
That's capitalism after all. It is to be expected. We need a new system.
- I get that these are retention bonuses and such.
  
  I.e. the folks keeping their jobs get more money, while the folks losing their jobs get nothing.
  
  Wth? How is it even legal to let someone go without paying severance? When I was let go, I had to be paid my severance (which was considerable) because that's the law in Ontario.
  
  From the article:
  
  In bankruptcy and receivership cases, cash-strapped companies can opt not to pay severance, forcing laid-off workers to make claims as unsecured creditors — which will likely result in pennies on the dollar.

12 comments