News

MEC lays off about 80 head-office employees ahead of privatization deal

MEC headquarters is seen in Vancouver, B.C. Tuesday, Sept. 15, 2020. The Canadian Press/Jonathan Hayward
article-aa

VANCOUVER & HALIFAX — Beleaguered outdoor retailer MEC laid off about 80 head-office employees Thursday, sources said, ahead of a controversial takeover by American private equity firm Kingswood Capital Management.

The laid-off workers will not receive severance pay, according to an internal email reviewed by The Logic, but they can participate in the creditor-protection proceedings overseeing the sale if they believe they’re entitled to more compensation.

Purchase a subscription to read the full article.

By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

Already a subscriber?