Canadian Tire eliminating some corporate jobs amid restructuring
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Canadian Tire Corp. Ltd. says it is eliminating some corporate positions.
The retailer says in a statement that the cuts are part of a restructuring that was announced earlier this year, aimed at helping it compete amid an increasing need for speed and efficiency.
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“Changes are underway and we are altering various processes and teams to transform and modernize. As a result, some corporate roles are expanding and others are being eliminated,” a Canadian Tire spokesperson said.
“While these changes are difficult, they are necessary to ensure that we remain a strong retailer, job creator, and contributor to the Canadian economy well into the future.”
Canadian Tire did not specify the number of positions being impacted.
In March, Canadian Tire announced a new strategy to invest $2 billion over four years to restructure the company for growth.
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