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Message Subject
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HUGE ground shift in a multi billion dollar industry
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Poster Handle
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Anonymous Coward |
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Post Content
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I read six different articles on the FurnitureToday website posted by OP.
One legal opinion was the violation of the WARN ACT. It states that employees are to be given 60 days notice of plant closure for over 50 employees. They have to give COBRA coverage. A lawsuit by a former employee has already been filed.
One article hinted that United/Lane furniture will file for bankruptcy. If this is the case, the probability of the employees getting any compensation will be long coming.
Check out the website. Some interesting articles about the furniture industry.
Quoting: Anonymous Coward 69679581 Furniture industry is dead. No one is buying. The "Furniture industry" as you call it, is far from dead, it's keeping pace with our shrinking economy. When the economy shrinks, business layoff because they don't have work for every employee, Or they just go out of business because they can't make a profit. This is basic economics 101, Nothing new.
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