Rona Inc. says it’s reducing about 300 jobs and shutting two distribution centres as a part of a plan to regulate its working mannequin and remove inefficiencies.
The residence enchancment retailer says it’s consolidating operations into its core buildings, and can shut a distribution centre in Terrebonne, Que. in March and one in Calgary in October.
It says the closure of the centres, together with a streamlining of its company construction, will collectively result in the roughly 300 cuts nationally.
The transfer comes after U.S. retailer Lowe’s bought Rona, and its Lowe’s shops in Canada, to non-public fairness agency Sycamore Partners in late 2022.
Under Sycamore’s possession, the corporate already introduced about 500 job cuts final June as a part of its simplification efforts and has been changing Lowe’s shops in Canada to its Rona+ model.
The firm has stated it has round 22,000 staff and a few 425 shops throughout its Rona, Rona+, Réno-Dépôt, and Dick’s Lumber banners.