I found news about U.S.A base store called Target is leaving Canada. I did found out: But we didn’t know how badly. Apart from the 17,600 minimum-wage workers now out of a job, it turns out the American big box megacorp owes cities, suppliers and landlords over $5 billion. It’s one of the biggest corporate bankruptcies in Canadian history.
Of course, that didn’t stop Target from paying its incompetent CEO Gregg Steinhafel — the man responsible for Target’s massive failure in Canada — a severance and benefit package worth $75.6 million — more than the severance for all 17,600 low-wage workers combined.
How many times have we seen this film? Huge corporation moves into Canada promising jobs, economic boosts and new shopping opportunities. Huge corporation demands and receives economic subsidies, tax breaks and massive borrowing perks from Canada. Huge corporation decides it isn’t worth it, bails, gives its CEOs enormous golden handshakes and working Canadians are left holding the non-recyclable plastic bag.
You’re not getting off that easy this time, Target. Pay your taxes and pay your debts now.
Here is a link to the petition:
http://action.sumofus.org/a/target-debt/?akid=9178.188026.nk-TlY&rd=1&sub=fwd&t=1
jonglass111 