MEC to lay off fewer employees than planned with one store to close, say new owners
![MEC to lay off fewer employees than planned with one store to close, say new owners](https://globalnews.ca/wp-content/uploads/2018/03/mec-storefront.jpg?quality=85&strip=all&w=720&h=480&crop=1)
The Vancouver-based company says that 85 per cent of its active workforce will remain on the job once the deal closes, up from a minimum of 75 per cent that Kingswood Capital Management Ltd previously indicated.