Construction jobs in Canada [Canadian Construction]

Construction jobs in Canada

A Walmart store in Ottawa is pictured this February 11, 2015 file photo. (Errol McGihon/Postmedia Network)Wal-Mart Stores Inc's Canadian unit said it would buy some store leases and other assets formerly held by the Canadian arm of Target Corp and renovate them for about $350 million.

Wal-Mart said in February it planned to invest about $340 million this year to boost its presence in Canada.

The company said on Friday it would acquire a Target Canada distribution centre, 12 store leases and an owned property for $165 million. It expects to invest about $185 million on their renovation.

Organizations owed money by Target Canada controlled the sale, Alex Roberton, Wal-Mart Canada's director of corporate affairs, told Reuters.

Target was not immediately available for comment.

Wal-Mart, which plans to hire about 3, 400 associates in British Columbia, Manitoba, Ontario and Quebec, said it expects to generate about 1, 500 trade and construction jobs in Canada.

Target, The No. 2 U.S. discount chain, exited Canada last month after struggling since its March 2013 launch there, resulting in 17, 000 employees losing their jobs and triggering a $5.1 billion quarterly charge.

Target Canada, which said it would close the last of its 133 retail stores on April 12, had said the real estate sales process was expected to be completed by June.

The company had been winding down operations since Jan. 15 when it was granted creditor protection.

Earlier this week, Retailer Canadian Tire Corp Ltd said it would buy leases for 12 properties previously held by Target Canada for $17.7 million.

You might also like
Construction Jobs Abroad Overseas & Canada
Construction Jobs Abroad Overseas & Canada
Find a job in canada - how to make it happen. Dr. Lionel
Find a job in canada - how to make it happen. Dr. Lionel ...
Canadian Forces Recruiting Jobs - Construction Engineering
Canadian Forces Recruiting Jobs - Construction Engineering
Construction Jobs Abroad, Canada Union Station Demolition
Construction Jobs Abroad, Canada Union Station Demolition ...
Blasting
Blasting
Construction Partner jobs in Toronto, Ontario, Canada
Construction Partner jobs in Toronto, Ontario, Canada
Sears Brand Management Corpora Craftsman Premium Rubber Garden Hose, 50FT. x 5/8. inch
Lawn & Patio (Sears Brand Management Corpora)
  • MADE IN USA PROTECT AMERCAIN JOBS
  • PREMIUM HEAVY DUTY CRAFTSMAN FULL LIFETIME WARRANTY

Related Posts