Hudson’s Bay Co. will close its Dutch stores on Dec. 31, the union that represents its workers in the Netherlands said on Thursday.
Hudson’s Bay could not immediately be reached to confirm the closings, which would affect 14 locations.
The CNV Union said 1,424 employees had been informed of the company’s decision on Thursday, and added that severance packages were “respectful” to the people whose jobs would be lost.
“We’ve seen other retailers in the past just pull the plug and let themselves be declared bankrupt,” Jacqueline Twerda said in a statement.
Earlier this week the Canadian retailer reported a second-quarter net loss from continuing operations of $462-million, worsening from a $104-million loss a year earlier, amid falling same-store sales, and store closings.