TG: Royal Mail owner agrees to £3.57bn takeover by Czech billionaire
THE GUARDIAN reports: The takeover of Royal Mail has edged closer after its owner agreed terms and conditions ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
(For the record, Steve Ferreira wrote on its LKDN wall: “Mystery deepens around United Furniture Industries [UFI] layoff of its entire staff of 2,700. Topocean currently dealing with 16 containers arriving for UFI in the past 10 days, disposition of these containers uncertain at this time. #furniture #oceanfreight #shipsandshipping #logistics“. Kerry Logistics is the new owner of Topocean.)
THE GUARDIAN reports:
A Mississippi-based furniture company abruptly fired nearly 2,7000 workers in the US just days before Thanksgiving, according to multiple reports.
Right before midnight on 21 November, thousands of workers – many of whom were asleep – received a text message from United Furniture Industries (UFI) saying that they were terminated effectively and were no longer allowed to return to work.
“At the instruction of the board of directors … we regret to inform you that due to unforeseen business circumstances, the company has been forced to make the difficult decision to terminate the employment of all its employees, effective immediately,” the message, which the New York Post reviewed, said.
“Your layoff from the company is expected to be permanent and all benefits will be terminated immediately without provision of Cobra,” a follow-up email from the company read, referring to a federal law that gives employees who lose their jobs the option to keep their employer-sponsored health insurance under certain circumstances…
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