- Associated Press - Friday, June 7, 2019

GREEN BAY, Wis. (AP) - More than 700 former and current Shopko workers have signed a letter seeking severance payments.

The move comes after a federal judge on Friday approved the Wisconsin-based retailer’s plan to exit bankruptcy protection and wind down its operations. The approval clears the way for Shopko to shut down its remaining stores this month.

The Green Bay Press Gazette reports employees are seeking severance from Sun Capital Partners, a private equity firm that bought Shopko for $1 billion in 2005. A representative with Sun Capital did not return a message left after hours Friday by The Associated Press.

The employees say they were promised severance pay after Shopko filed for bankruptcy in January, but the payments were taken out of the budget during court proceedings.

___



Information from: Press-Gazette Media, http://www.greenbaypressgazette.com

Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide