How can they give no severance to full timers? Even those who have been here for years, sometimes decades? How is that even legal?
8 replies (most recent on top)
No one is owed anything from the company they worked for, you were paid the whole time you worked lol everyone wants a hand out
There is no law stating a company must give employees severance pay, not even two weeks worth. If the company is a union shop it may be part of the contract or when someone is hired they negoiate severance pay. There are no labor laws state or federal that states a company must give employees severance pay.
update: we our receiving a severance package they just cut it 50% of total years with the company
When the bank account reads in the negative, do you think they can just give out free money? Anyone working at Pier 1 in the past year should of been prepared for this.
I believe that all upper management severance pay should be rescinded by appeal to the bankruptcy courts who apparently have approved substantial amounts, but only to high level executuve personnel.
If funds are available to first pay off creditors, those stipulated in the bankruptcy petition, ALL stipulated severance packages should be be held in abeyance until said debts are sarisfied. Then, if monies are available, a sensible severance package should be made available to ALL employees, amounts to be dependant on 1: the employees salary( including hourly groups) at the time of dismissal and 2: prorated amounts based on the duration of emploment, whether full of part-time.
If we believe we are owed waves/ severance, who do we send a proof of claim to? Epic Corporate Restructuring, LLC?
Any advice regarding this is appreciated! I can’t get through to anyone who seems to know via phone, but figure some other former employees might be wondering about this as well...
Do you work at the Ohio DC? Have they told everyone they're not going to receive a severance package?
They probably can’t afford it. They certainly don’t have to do it. Especially if they’re going out of business. Sorry.