December 19, 2017
The CCAA Court recently approved a general claims process established by Sears Canada to identify certain creditor claims against the company and former directors and officers of the company (the “Claims Procedure Order”). Pursuant to the Claims Procedure Order, a letter will be mailed shortly to all non-unionized employees and retirees of Sears Canada providing more information on the general claims process. The general claims process does not include pension and other post-employment benefit claims. A separate Pensioner Claims Process is being developed and more information will be provided once that process has been finalized. To view our letter dated December 13, 2017, please click here.
Please note that a copy of this letter is available on the Monitor’s website as well as the Sears Canada employee portal (mysears.ca).