[URBAN NOTE] "Goodwill Toronto moving ahead with bankruptcy"

[rfmcdonald]

This brief Toronto Star article notes the effective end of Goodwill in Toronto and most of Ontario.

Goodwill Industries of Toronto, Eastern, Central and Northern Ontario is moving ahead with its bankruptcy process as its CEO steps aside.

In a news release Monday, Keiko Nakamura said there is no longer a role for her as CEO now that a trustee had been installed.

Nor is there any “viable option that allows the organization to reemerge from” bankruptcy, she said.

Goodwill TECNO filed for bankruptcy on Feb. 8. The move came three weeks after Goodwill TECNO shuttered all 16 of its stores, 10 donation centres and two offices, putting more than 400 people out of work.