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Hudson's Bay employee layoffs during Covid-19 pandemic - Coggle Diagram
Hudson's Bay employee layoffs during Covid-19 pandemic
Government policies and regulations
Lockdowns
Government support for businesses- Offer tax reliefs, financial aids, and subsidies
Restrictions on retail operations (limiting hours of operations and closing stores)
Impose penalties for breaking laws
Customers switch to online retail shopping due to social distancing rules imposed by government
Labor laws and unions
New laws to protect employee rights
Government influence on the role of unions to protect employees
Organize protests and public campaigns against large layoffs
Organize media conferences to publicly speak about the issue
Represent employees and negotiate for severance packages
Pressure on companies to protect employees during the pandemic
Government labor market policies
Changes in unemployment insurance
Political debates on labor rights
Influence the relationship between employers and employees
Government store closures
Closing stores during lockdown
Transition to e-commerce
Economic recession
Decline in retail spending due to economic downturn
Financial pressures
Wage subsidies
Government wage subsidies on retention
Insufficient subsidies causing layoffs
Long term economic plans of the government
Provide incentives and tax breaks for businesses to retain employees
Regional government regulations and their influence on the retail industry
Introduce job protection policies
Influence of political parties in Canada (Conservative vs. Liberal) on labor and business decisions during the pandemic
Corporate Social Responsibility (CSR)
Aligning business actions with corporate values
Expectation of employees for fair treatment and job security
Concerns of investors about long term reputation of the company
Concerns of communities of social impact
Unemployment
Employees are directly affected by layoffs