{"id":18327,"date":"2023-06-17T12:25:05","date_gmt":"2023-06-17T19:25:05","guid":{"rendered":"https:\/\/essential.construction\/news\/rona-inc-getting-rid-of-500-jobs-across-canada-citing-new-market-realities\/"},"modified":"2023-06-17T12:25:06","modified_gmt":"2023-06-17T19:25:06","slug":"rona-inc-getting-rid-of-500-jobs-across-canada-citing-new-market-realities","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/rona-inc-getting-rid-of-500-jobs-across-canada-citing-new-market-realities\/","title":{"rendered":"RONA Inc. getting rid of 500 jobs across Canada, citing &#8216;new market realities&#8217;"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div>\n<p>BOUCHERVILLE, QUE. \u2014 RONA Inc. says it\u2019s eliminating 500 jobs across Canada in a bid to simplify its organizational structure.<\/p>\n<p>The Boucherville, Que.-based home improvement retailer says in a press release Thursday evening that it needed to adapt to reflect new market realities amid a slowing economy.<\/p>\n<p>The Canadian economy has been showing some signs of weakness amid higher interest rates as the central bank seeks to quell inflation.<\/p>\n<p>However, GDP grew at an annualized rate of 3.1 per cent in the first quarter, beating expectations.<\/p>\n<p>The Canadian consumer has proven resilient amid tightening conditions, with household spending helping to buoy the economy\u2019s growth in the first quarter.<\/p>\n<p>In November, Lowe\u2019s announced it was selling its Canadian retail business, including RONA, to New York-based private equity firm Sycamore Partners.<\/p>\n<p>RONA says it operates or services around 425 corporate and affiliated stores under different banners across the country. It says it has 22,000 employees.<\/p>\n<p>The company says decisions like these are never taken lightly, and it will support affected employees throughout the transition.<\/p>\n<p style=\"text-align: center;\"><span class=\"ui-provider ha b c d e f g h i j k l m n o p q r s t u v w x y z ab ac ae af ag ah ai aj ak\" dir=\"ltr\"><strong>\u00a9 2023 The Canadian Press<\/strong><\/span><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/canada.constructconnect.com\/dcn\/news\/economic\/2023\/06\/rona-inc-getting-rid-of-500-jobs-across-canada-citing-new-market-realities\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BOUCHERVILLE, QUE. \u2014 RONA Inc. says it\u2019s eliminating 500 jobs across Canada in a bid to simplify its organizational structure. &#8230; <a title=\"RONA Inc. getting rid of 500 jobs across Canada, citing &#8216;new market realities&#8217;\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/rona-inc-getting-rid-of-500-jobs-across-canada-citing-new-market-realities\/\" aria-label=\"Read more about RONA Inc. getting rid of 500 jobs across Canada, citing &#8216;new market realities&#8217;\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":18328,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1037],"tags":[357,295],"class_list":["post-18327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-commercial-news","tag-blog","tag-technology","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/18327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=18327"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/18327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media\/18328"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=18327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=18327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=18327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}