MWA HA HA HA! MWA HA HA HA!
Posted on 01/11/2018 10:19:52 AM PST by GIdget2004
Happened to me years ago and my cousin but a different company. That’s why I’m my own boss. I learned a very important quote from a very important person many years ago:
‘YOU CAN NEVER GET RICH WORKING FOR OTHER PEOPLE”
Then I learned the hard way. That dude who said that? DONALD J TRUMP in an interview with MAXIM IN EARLY 2000’S ON HOW TO GET RICH.
Membership stores are not dumb. Sam’s is second rate. Costco is first rate. Costco’s profit comes only from the membership fee. Costco’s items are 25% more than what they pay for to cover overhead, etc.
There are a whole lot of CEOs and upper management that would disagree with that.
“Shut the doors, give ‘em 2-4 weeks pay, don’t make ‘em slog thru the tragedy of closing.”
DING DING DING, we have the winner.
Also, it’s not like they’re being put to sleep. Find another job. It is just employment. The businesses gotta do what they have to do.
MWA HA HA HA! MWA HA HA HA!
“There are a whole lot of CEOs and upper management that would disagree with that. “
When you’re the CEO or in upper management, you are NOT “working for others”. duh
You’re working to maximize your company’s value and you’re getting paid accordingly. If not, the shareholders kick you out. Works both ways.
You honestly think that?
You’re working to maximize your company’s value and you’re getting paid accordingly. If not, the shareholders kick you out. Works both ways.
If you can get kicked out then doesn't that mean you're working for someone?
<That is really traumatic for many people. Not a decent thing to do.
I agree (tho I’m sure a lot of FReepers will say ‘so what?’).
Isn’t there a law about a 90 day notice for employers with over a certain number of employees?
True. They literally losed in the middle of evening rush.
http://money.cnn.com/magazines/fsb/fsb_archive/2005/02/01/8250657/index.htm
Very crappy way to run a business, especially one which is part of a highly profitable corporation. It not only spits in the face of loyal employees, but those customers who recently bought or renewed memberships for $35 or more.
When the call center where my daughter worked closed, they actually gave them three months notice, offered them all transfers to a call center in a more distant city (which most of them did not take) and help an appreciation dinner complete with a swag bag. It was nothing fancy, just a nice canvas shopping bag with a few useful trinkets.
I'd guess it probably cost them about $30 per departing employee. But what a difference it made in morale!
Market forces. More online competition, less brick and mortar.
Higher wages for others. The best employees laid off will get added to the other open stores.
Abruptly?
Yeah right, it takes time and planning to do close stores.
Same with the store closures of Sears, Kmart, Macy’s, etc, all a result of 8 years of a anemic recovery and a disappearing middle class (cough, Obama, cough).
What can be done abruptly and immediately given an unexpected windfall (there was no assurance that Trump would win and much less that taxes would be cut) is to pass on some of the very recent economic improvement to their remaining employees in the form of wage increases.
As sad as I am, I knew that my Sam’s was in trouble. I love Sam’s. But It was a ghost town on Saturdays, even the week before Christmas.
I have been wondering about this as well. I haven’t seen anything about any 90 day notice. (or even a 30 day notice).
Yep. My Sam’s was one that closed today. So sad.
And I see now on her Wikipedia page, she’s “retiring” Feb 1.
Bouncy, bouncy
Bouncy, bouncy
My bad. That date should be 2017, the date she “retired” from WM
I wonder if Wal-Mart is converting those stores to distribution centers for same day delivery of items purchased through jet.com?
The best way to beat amazon is for Wal-Mart to use their vast number of stores as distribtuition points to get items to consumers faster than any other retailer
It was 90 days for us back in 1998. My company was bought by another and they closed our distribution center. My father died during the 90 days and I missed three days. The jerks made me sit in that huge, mostly dark warehouse for three days. Only had the maintenance guy for company. No furniture or anything. It sucked.
Yeah, would they be closing stores if they didn’t have a ‘diverse’ CEO?
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