Sears won a second round of bankruptcy financing this week, and says it will need another $239 million in order to keep operating 505 stores beginning next year. (Photo: iStock)
(Bloomberg) — Employees of Sears Holdings Corp., inspired by the hardship fund for workers affected by the collapse of Toys “R” Us Inc., are asking Chairman Eddie Lampert and the firms involved in the chain's bankruptcy to preserve jobs and stores as well as guarantee severance pay and pensions.
“While we understand that Sears and Kmart must make changes to survive, we do not believe it is fair that financial firms stand to profit from Sears's bankruptcy while employees like us are asked to sacrifice,” the workers said in a letter addressed to Lampert. It was signed by 62 current and former employees.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.