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

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.

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