He vowed to preserve jobs but it will be for about a few weeks until he finds some more stores to close and sell off. Really, he just bought a little more time for all parties involved.
The remainder will still keep their jobs but the hours of those who remain will be cut, again . Some may not even receive any hours at all for a week or two, but, hey, their job was saved by Eddie!
The OP ( @XzEIDyR-1klu ) is absolutely right about this.