$10 Million Severance Fund Being Set Up For Toys R’ Us Employees

by Jay Cochran
November 20, 2018
It was announced that pivate equity firms Bain and KKR who owned Toys R’ Us before closing all the US based stores here in the United States has pledged to set up a $10 million fund for former employees who were laid off.

Only those who worked at Toys R’ Us for at least 1 year with an annual income of no more that $110,000 or less than $5,000 will be eligible for the plan.

Source: CNBC



Comments...

Last 10 comments - ( Read All Posts )
Thinwheat - 2018-11-21 @ 10:57 pm

I didn't see this coming. I guess since the brand is staying around, they had to do something to save face where if they weren't coming back the execs would just let it go.

GojiBill - 2018-11-21 @ 3:56 am

They owe the employees that much. Executives pursuingbad business practices and slowly destroying themselves from the inside out - thenclosing up shop and laying everyone off only to return a few months later.

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