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Best BUY Co Inc Canada To Shut 15 Stores, Lay Off 5%-Reuters


Thursday, 31 Jan 2013 05:13pm EST 

Reuters reported that Best BUY Co Inc's Canadian division will close 15 of its big-box stores across the Country and lay off 5% of its workforce in a drive to cut costs, the consumer electronics retailer said. About 5% of its Canadian workforce will be laid off, a company spokeswoman said in an email. The National Post newspaper pegged the total number of layoffs at 900. About 5 percent of its Canadian workforce will be laid off, a company spokeswoman said in an email. The National Post newspaper pegged the total number of layoffs at 900. 

Company Quote

38.89
-0.8 -2.02%
24 Dec 2014