Sears Canada to liquidate, putting 14,000 employees out of work -- what it means

That's a big round of layoffs Sears Canada has been working to restructure as the trouble mounted over the past few weeks but a management-led restructuring failed and today the company announced it will close its nearly 200 stores and lay off 14,000 workers.
Sears Canada to liquidate, putting 14,000 employees out of work -- what it means