Rona plans to close 11 of its money-losing stores in two provinces, as well as cut more administrative jobs and trim its marketing budget in an effort to boost its financial results.Six Ontario stores in Mississauga, Windsor, Woodbridge, London, Huntsville, and Collingwood will close in October and two Ontario stores in Toronto and Aurora will close in December. The three B.C. stores — in Duncan, Kamloops and Abbotsford — will shut down in October. About 800 jobs will be eliminated by the closures that together generated $130 million of annual sales. About two-thirds of the jobs are part-time. Rona also said 125 more administrative jobs will be cut across Canada on top of the 200 announced last February. About 50 jobs are based at its headquarters in the Montreal-area while the remaining positions are based in Toronto, Calgary, Vancouver and Winnipeg
Posted on: Fri, 28 Jun 2013 01:34:13 +0000