Monday, December 3, 2018

Sears workers, galvanized by Toys 'R' Us, ask for bankruptcy assurances

TulsaWorld.com
Employees of Sears Holdings Corp., inspired by the hardship fund for workers affected by the collapse of Toys “R” Us Inc., are asking Chairman Eddie Lampert and the firms involved in the chain’s bankruptcy to preserve jobs and stores, as well as guarantee severance pay and pensions.

Sears says it has no plans to liquidate after filing for Chapter 11 court protection in October, but it has been closing stores and cutting jobs as part of that process. It’s still working to keep several hundred outlets alive as part of Lampert’s plan to buy the company out of bankruptcy. Sears has lost billions of dollars since Lampert combined the Hoffman Estates, Illinois-based company with Kmart in 2005.. . . more