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Stock impact report

A year later, former Sears employees – like my mother – face an uncertain future [Toronto Globe and Mail (Ontario, Canada)]

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A year later, former Sears employees – like my mother – face an uncertain future Michelle Buchanan is a freelance writer based in Victoria. My mother shares a cozy miner’s cottage with her common-law partner of 13 years. They put a new roof on it when they moved in three years ago, painted it in airy tones and now carefully tend every square corner of the small garden and deck decorated with the obligatory flower planters and garden fairies. It is supposed to be the place they will enjoy retirement, and the rest of their lives. But in addition to her mortgage, she has rising credit card debt, nothing left in savings, little medical coverage, and CPP and OAP payments that amount to much less than minimum wage. This is the financial picture she looks at every day, a year after being laid off from Sears. She first retired in 27, not long after recovering from breast cancer. She took a buyout from the pension she had paid into for years through her job at Sears. She was, rightfully, conce Show less Read more
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