Is anyone else being told to use all your pto before we close? I was really hoping to keep it and get a payout at the end for an extra check.
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"I was told that the company earmarked money to pay severance to NJ employees because of the warn act. "
Money for severance is being held by the bankruptcy court and is listed in the filings. It is not up to BBB if it gets paid.
I was told that the company earmarked money to pay severance to NJ employees because of the warn act.
Yeah 3 to 4 months severance sounds logical for those here 20+ years or so lol. If anyone believes this and stays because of it they deserve that rug being pulled out from under them in the end.
The brainwashed that are still at corporate are being told they will receive 1 week of severance for every year worked, if they stay until the end. Of course this was a verbal from SG, nothing in writing. More than a handful have over 20 years under their belt…Brain. Washed.
When someone here said use the time, and get paid for maybe going on a job interview should you find one (and good luck to you, truly. I hope you find something quickly). I would do that. Dont let this company clown you anymore than they already have.
When I was going to be let go at end of February, my Mgr. let me use my sick and personal days for my 2 weeks left. She was an understanding individual and did it no questions asked because I would loose them and not getting any severance as well, was the least she could do for me. Of course as the story goes, getting the shaft of 23 years.
If your still working, ask to put in a day here and there if they will, because you will not get paid for them. It's almost over.
If you take it now, you can save it & it can function like an extra check that's already in your bank account.
Every state is different but generally a company does not have to pay you accrued sick time if you stop working for the company. Personal time neither. Some states force the company to pay accrued vacation but not many & considering you're deal with an insolvent company the rules may be different.
Short answer - it's your money. Grab it while you can. Or you may not get it.
Why even ask and take the chance? Use your time so you know you get it. Use it for a job interview or something.
All that goes away when a company goes chapter 11.
Take it and don't listen to the guy talking about "right to work state" this has nothing to do with anything a right to work state just means you can work in a union shop without joining the union..
I asked about sick time. No go.
I was paid for everything that was owed to me but that was 2 months ago. A lot has changed since then. I would not trust them to do the right thing for their employees. Take as much as you can now. Why take a chance. Best of luck to you.
Thet borrowed 48 millionto cover payroll til closing .Take it now before the c suite gets theirs
I worked in NY, and they did pay out accrued PTO on the second to last check. However, this was in February so I can see how it may be different now.
This can get entered at store level so your manager can just enter it themselves (hopefully they would), and corporate would have nothing to do with it.
The company isn’t going to cut any checks for our unused PTO for the same reason they stopped paying severance to laid off workers, skirted a NJ law requiring 90 layoff notice, stopped paying contributions to our 401k plans and even stopped employee discount program… they don’t care about the employees. They also don’t care about their owners - the shareholders - as all they have been doing last several months is diluting shareholders by issuing millions of new shares. SG and the top brass only care preserving whatever money is left to pay themselves their golden parachutes and sadly the Board of Directors, with their $30,000 monthly salaries that are paid in advance, let this all happen.
It all depends on which state you live in and what their laws are in your state. If your a right to work state then more than likely you won’t get your pto. Otherwise yes, under the law they are required to pay you. They have to pay out their employees before anyone else.
You will be lucky if you get paid for your hours for the last 2 weeks. They have done so much shady sh1t up till now, how can you trust them. They will just skip payments and leave it to the courts. Find a new job before the end and get out. Plus liquidation is terrible. Good luck to those still there.
Yes. You will lose it if you don’t take it now.