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Loblaws Cuts 1,400 Jobs, Hikes CEO's Salary

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Issue: 27 Section: Canadian News Geography: Canada Topics: labour

April 1, 2005

Loblaws Cuts 1,400 Jobs, Hikes CEO's Salary

Loblaw Companies Ltd. is closing six warehouses in Canada and Québec. The move by Canada's largest grocery store chain means 1,400 workers will lose their jobs. The move was part of a three year plan "to take all redundant costs out of the system," one anonymous industry analyst was quoted as saying.

In 2004, president John Lederer received a 14 per cent pay raise, from $2.05 million to $2.35 million.

» Canadian Press: Loblaws to close six warehouses in Ontario and Quebec, affects 1,400 jobs

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The Dominion is a monthly paper published by an incipient network of independent journalists in Canada. It aims to provide accurate, critical coverage that is accountable to its readers and the subjects it tackles. Taking its name from Canada's official status as both a colony and a colonial force, the Dominion examines politics, culture and daily life with a view to understanding the exercise of power.

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