The retailer filed for bankruptcy in April and began closing stores and laying off workers.
The company, which has spent $11.8 billion in stock buybacks for its executives since 2004, is "failing to treat retail employees with dignity in the bankruptcy process," according to a
in April and began closing stores and laying off workers. Other workers were denied 401 matches for contributions after receiving misleading guidelines, the letter states. after public pressure and issued one week of severance for every year worked to those affected employees.For several years, Bed Bath's business had been crumbling as it failed to adapt to the rise of e-commerce and keep up with competitors like. As the retailer reported sagging sales and announced plans to close stores and cut workers, it took on more debt to buy back stock in a bid to boost its share price.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren Quinby Park storage facility broken into, vandalized, police sayThe suspects vandalized the inside of the building and stole various items, police said.
Read more »
US Representative Warren Davidson: 'CBDC Corrupts Money Into a Tool for Coercion' – Bitcoin News'CBDC corrupts money into a tool for coercion & control. Thankfully, there is no legal way to implement CBDC in America without legislation,' US Rep. Davidson stated.
Read more »
Bankrupt Bed Bath & Beyond's stock rises premarket, continuing rallyShares of bankrupt Bed Bath & Beyond rose 3.8% in premarket trades Wednesday.
Read more »
The Beyond #2 Awakens The Vampire with Warren Kremer Cover, at AuctionAce's PCH series The Beyond 2 features a classic vampire cover from Harvey Comics legend and Richie Rich creator Warren Kremer. PreCodeHorror sponsored
Read more »
Bed Rest During Pregnancy: What Is Activity Restriction?What is bed rest during pregnancy, and why is it no longer the go-to recommendation for complications? Learn about what you can and can’t do when on modified bed rest or activity restriction.
Read more »
Memesters traded $200 million in shares of bankrupt Bed Bath & BeyondBed Bath & Beyond went bankrupt and sold its brand. That hasn't stopped meme-stock fans from trading over $200 million of its shares in recent weeks.
Read more »