Ceva top creditor as shoe company goes bust, hit by e-commerce boom
The bankruptcy of a shoe company in the US has revealed an interesting snapshot of ...
© Jonathan Weiss
By Alex Lennane
Stories abound about the problems faced by Celadon’s 4,000 staff, who yesterday found out they had lost their jobs as the company shut its doors. Numerous reports suggest other trucking companies have stepped in to get drivers home, while some are also hoping to recruit from the 3,000 drivers now available. Nevertheless, it was a sad day – encapsulated by the letter to staff, published by Business Insider, which specifies how employees will get benefits – or not. Medical coverage expired at midnight on 8 December.
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