Just curious. In reading comments about the other brands post acquisition, it sounded like they were announced all in one day. So many are on edge because of how this seems to be dragging out (don't know much so maybe it's not?)
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Where in that SEC report does it state no severance for 2022? Not that I understand what any of it actually says.
Even with everything we've seen so far, do you really think Inspire won't offer ANY severance for those who are cut in 2022?
But I do agree that they're probably hoping for alot of folks to leave so they don't have to pay out this year
According to
https://sec.report/Document/0001193125-20-293739/
Inspire is only obligated to pay severance through Dec 31st 2021.
If the drag their feet, some people will leave on their own, some will survive and work in misery, while rest rest will be cut in the beginning of 2022 with no severance.
It makes a lot of sense....financially
At this point, we can see there's no saving what was once really great so people just want to get this over with. Patience only lasts so long. Rip the bandaid off.
And you know it's bleak when you see good people who've been with Dunkin for years leaving now, forfeiting the chance at getting severance. The writing's on the wall and it's unfortunate to say the least.
Some people leave on their own. In those cases they forfeit the severance package and Inspire is off the hook for potential transition and unemployment co-payment. It is all about money. Plus Inspire is contractually obligated do not touch Dunkin jobs till end of 2021 when selected will become Inspire employees. They rest will be fired by Dunkin Brands International-a non existing legal entity. It is like filing for a bankruptcy and starting the books clean. You need to understand that Inspire done it multiple times with other companies and they excel at cutting non-essential personnel. There is a reason they call us “legacy Dunkin” as a second class citizens. They whole wording is an insult....
That was my fear. Incredibly sad. And if that's the case, and we're yet to face another wave around Sept., there'll be nothing left of what made this company so great. Its people, the culture, gone.
My guess is they are trying to avoid triggering the WARN act when a company does mass layoffs. Bottom line is, they don’t give a s––t about me, you or anyone else. The lines their own pockets from the very beginning. Personally, I think most Canton employees are doomed. Time will tell.