TORONTO - A court-appointed monitor says Sears Canada, its lenders and lawyers for employees have reached a compromise that could allow the company to continue paying certain health benefits and special pension payments up to the end of September. A monitor's report filed this morning was prepared for a hearing at the Ontario Superior Court, which granted Sears Canada temporary protection from creditors three weeks ago. Sears Canada had initially ...
07-13-2017, 10:49 PM
Sears Canada to compromise on benefit cuts
TORONTO - A court-appointed monitor says Sears Canada, its lenders and lawyers for employees have reached a compromise that could allow the company to continue paying certain health benefits and special pension payments up to the end of September. A monitor's report filed this morning was prepared for a hearing at the Ontario Superior Court, which granted Sears Canada temporary protection from creditors three weeks ago. Sears Canada had initially ...
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