New owner of the Toys R Usbrand, Solus, said the responsibility for the toyseller's shutdownlay with its private-equity sponsors who saddled the company “withcrushing debt.” (Photo: Bloomberg)
(Bloomberg) –Senator Elizabeth Warren is urging more firms tocontribute to a newly formed hardship fund for former Toys “R” Usworkers. In response, some are saying they're sympathetic — but notresponsible.
“It is still inexcusable that many of Toys 'R' Us's investorshave been unable or unwilling to help the more than 30,000 Americanworkers who lost their jobs after investors reportedly pushed toliquidate the company,” Warren said in a statement Tuesday.
Continue Reading for Free
Register and gain access to:
- 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
© 2024 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.
