No layoffs or job role changes yet. Guess it was all rumors..! It’s almost March first time in yearsssssssssssssss no cuts.
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Except I recently left Sears and last week had a candid chat with the HR Director at my new company about the current happenings with Sears. He made a pretty good point about the corporate takeover with Transform that I hadn’t thought about.
He said with the new company there may be widespread changes affecting employee wages and benefits as part of a greater expense control plan. In all likelihood ESL’s lawyers and advisors have already assessed current pay scales and benefit costs, and that analysis could prompt some drastic cuts to both depending on state labor laws.
ESL may also require certain employees to reapply for their same positions by realigning their duties and rebranding job titles. Then they’ll put those combined jobs up for internal recruiting
First time company is emerging from bankruptcy. Once the dust settles there will be cuts and closures. Eddie and the president of ESL said they will be closing under performing stores. This was in the dockets. They also said they will be running the stores lean. Give it a few months.
It is getting to the point where there is not much more to cut without shutting down the company altogether.
When Sears starts showing positive sales and positive profits on a more consistent basis, then you can brag......It has been 9 years since it last showed a profit.
Calm before the storm?
Yeah it's quiet, too quiet.
I doubt there will be many changes until the bankruptcy is finalized.