Holiday sales are over and the judge is forcing Sears to pay a boatload of parties months of money owed. It doesn't take a financial genius to figure out that cash going out faster and cash coming in slower means a lot more layoffs are coming and soon, and not just in the 80 stores announced. You don't need 50,000 people to support 425 stores no matter how you slice it.
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As I already posted in another thread:
50 people per store (they never said full-time-only) x 500 stores = 25,000
So only 1 non-store employee for each store employee. There are a lot of appliance techs, home improvement personnel, warehouse workers, etc, in addition to headquarters. Seems like a plausible amount.
Ya where are they coming up with 50,000 employees unless for every one person that works in the store they employ 20 or more people that never step foot in the store. I don't even think we even have 20 people that work more than 30 hrs a week at the store I'm at maybe another 30 that work 10-20
@hiy. Working off the clock is standard at our Sears store. I won't do it but it is amazing how people will. We have a Supervisor who is hourly who came in on her day off and worked a full 8 hour shift without punching in at all. Dumb!
LOL does anyone think EL can run a retail operation after reorganization?
He lacks people skills.
He hires nothing but people he can push around.
Who would actually want to work for him?
And what vendor would want to supply him product again?
Possibly in middle management, but at store level all they have will do is cut hours of the hourly employees to nothing, those employees will leave on their own, saving Sears any headaches with Unemployment.
They've actually have already done this earlier in the year, but I think it'll be a bit more biting now. With no one left to do the required tasks, they will throw everything on Leads and Assistant Store Managers, who by virtue of still being there, have shown that they are going down with the ship and will even work off the clock to satisfy their masters.
This company's reputation is ruined....Many of the stores being closed will be sold off and/or torn down to be replaced with other retailers.....This "bankruptcy thing" is not something trivial like someone getting over the flu or a cold.
Sears is bankrupt because customers stopped shopping there and went elsewhere.
If Eddie buys out the company, nothing will really change for the better because the problems that ruined Sears in the first place will still be there.
Hopefully the company gets over the bankruptcy thing and starts doing better maybe then they can reopen the stores that they closed up and then hire more people again.
When are you going to realize this company is DONE?? The bowel movement is over and the colon has been cleansed. Now it’s just a matter of wiping and flushing.
Also expect more store closures.