If chapter 11 happens, I suppose those of us collecting any severance can kiss it goodbye. The fine print said they can stop it at any time. An earlier letter mailed to employees back in March/April said one can get a 100 % lump sum from the pension by law until Feb 2019 if you are eligible. Sounds like a big mess is brewing.
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Hoffman Estates is like a ghost town. It’s so weird walking around in such an empty and depressing place.
Likely right before earnings to pretend like they're doing something productive. Then more again in the month that follows. Then slower until rinse and repeat
Who cares! Sears is out of money and will file bankruptcy before next month.
Storm's a comin'... I feel it in mah bones.
I don't think it's 8/23. The news going around is next month it will either be a layoff or restructuring, though restructuring is a synonym for layoff. We just have to wait and see for those still at Sears/Kmart.