Canadian tire reduces corporate roles, but declines in cuts

Retail legendary Canadian tire on Tuesday confirmed that it would reduce its corporate staff roles, as the company says as part of a change and modernization, the company says that it is necessary to remain competitive.

The company said in a statement, “Earlier this year, we announced that we would replace our company to better competition in a new era of retail, which is defined by the increasing need of global competitive threats and speed and efficiency.”

“Changes are going on and we are changing various processes and teams to change and modernize.”

As part of these changes, “some corporate roles are expanding and others are being abolished,” the company said, without telling the number of affected people.

“While these changes are difficult, they are necessary to ensure that we remain a strong retailer, job maker and contributor to the Canadian economy in the future.”

A spokesperson confirmed that these changes resulted in a overall decrease in the number of corporate roles in the company.

These cuts do not include roles in the Canadian tire store.

The company did not reveal where people were based whose jobs would be affected by cuts. Canadian Tire Corporate Home Office Located in Toronto,

In March, Canadian Tires Announced a new strategy Investing $ 2 billion in four years for the restructuring of the company for development.

In November 2023, the Canadian tire announced that it was then shedding three percent of its full -time task force, In bid for low cost,

Canadian tire is a public company. This is due to reporting its latest quarterly results Next month,

The retailer sells various types of products including automotive parts, sports goods, hardware and building supply, small kitchen equipment and more.

It has stores in every Canadian province, as well as in Yukon and Northwest regions.