A tale of 2 companies

[...]the company achieved record results and profitability. [...]it was announced that 59 stores would be closing in small communities across this great land, and about 2,500 people would lose their jobs. Because Sears was granted creditor protection, it was not legally bound to pay any severance to...

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Bibliographic Details
Published in:Canadian HR Reporter 2017-08, Vol.30 (13), p.19
Main Author: Elliot, Steve
Format: Article
Language:English
Subjects:
Bankruptcy
Business conditions
Business ethics
Department stores
Dickens, Charles (1812-1870)
Employees
Employment
Leadership
Retailing industry
Values
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Summary:[...]the company achieved record results and profitability. [...]it was announced that 59 stores would be closing in small communities across this great land, and about 2,500 people would lose their jobs. Because Sears was granted creditor protection, it was not legally bound to pay any severance to these employees. Ebenezer Scrooge would approve of this bottom-line focus and wringing out every last penny, while serving the short end of the stick to loyal employees.
ISSN:0838-228X