June 1 (Reuters) - Reitmans Canada Ltd RETa.TO :
* REITMANS (CANADA) LIMITED ANNOUNCES RESTRUCTURING PLAN TO POSITION THE COMPANY FOR THE FUTURE
* WILL OPTIMIZE ITS RETAIL FOOTPRINT AND CLOSE THYME MATERNITY AND ADDITION ELLE BRANDS OVER COURSE OF SUMMER 2020
* REDUCING ITS WORKFORCE BY ABOUT 1,100 EMPLOYEES IN ITS RETAIL STORES & ABOUT 300 EMPLOYEES AT ITS HEAD OFFICE IN MONTREAL
* WILL CONTINUE SERVING CUSTOMERS AT REITMANS,PENNINGTONS AND RW & CO. THROUGH BOTH E-COMMERCE,BRICK AND MORTAR CHANNELS ACROSS CANADA