CompUSA

Former CompUSA Employee Hits the Jackpot with $53.46 Severance Check

Former CompUSA employee John Mahan was one of the workers at the chain lucky enough to get a severance check in the sell-off by the private equity arm of Gordon Brothers Group LLC. John was kind enough to share the check with Brandworkers. You can take a look at it here.

For more background on the irresponsible business practices of Gordon Brothers which promised proper treatment of CompUSA's landlords, creditors, and customers but not workers, check out this internal document laying out the severance plan. According to the document, to qualify for severance employees needed to:

 

1) Work until the bitter end of their CompUSA location which for some no doubt required passing up other employment opportunities; and

2) Be a full-time employee; and

3) Work at CompUSA for more than a year; and

4) Not be covered by a contract; and

5) Not be offered a new job should their location continue operation under a new owner (ostensibly even if the new offer included reduced wages or work hours).

 

And don't miss the the document actually firing the workers.

When a Maytag manufacturing plant shuts down, there is rightly condemnation from the community, certain media outlets, and some elected officials. When thousands of retail workers are thrown out of work with inadequate severance while a private equity firm makes millions, where is the outrage?

Retail workers make the economy work. Together, we can make sure their contribution is recognized and respected.

Please take just a moment to sign the Brandworkers CompUSA petition.

For more on Brandworkers' response to the layoffs, check out, "Brandworkers Takes Action for CompUSA Employees in Private Equity Sell-Off".

Brandworkers Takes Action for CompUSA Employees in Private Equity Sell-Off

For Immediate Release:
Brandworkers International

March 12, 2008

Sign the Petition Demanding Respect for CompUSA Workers!

New York, NY- A new workers' rights organization has called into question the conduct of restructuring firm Gordon Brothers Group LLC as it liquidates the assets of national electronics retailer, CompUSA. Brandworkers International, a New York-based non-profit for retail and food employees, says that internal company documents and reports it has received from employees reveal that thousands of CompUSA workers will be permanently laid off with little or no severance pay, no continuation of benefits, and without receiving a hiring preference at CompUSA locations which continue doing business under new ownership. The private equity-arm of Gordon Brothers purchased CompUSA last December from Mexican billionaire Carlos Slim Helu.

"Gordon Brothers has promised proper treatment for landlords, creditors, and consumers as it sells off CompUSA - but what about the workers being thrown into this very difficult job market?" said John Kane, a campaigner at Brandworkers.

1 Year Since Circuit City Mass Layoffs: A Lesson to Remember

Cutting Costs, Destroying Lives: The Circuit City’s of Yesterday Live On

--This March will mark the one-year anniversary of Circuit City’s laying off of 3,400 employees nationwide. What is especially disturbing about this ‘cost-cutting’ crusade—besides its scale--was its explicit targeting of higher-paid employees. And after being told literally on the day of in some cases, workers were told that they could re-apply for open positions after a ten-week “cooling off” period. The audacity of this measure nearly escapes words: experienced workers could re-apply—after ‘waiting’ two and half months--for lousier positions, and work lousier hours for lousier pay? The fact that such a measure was taken—and that it was so sparsely covered in the media—is highly indicative of the often-demoralized and neglected state of retail workers today.

CompUSA Closing: What about the Workers?

The computer and electronics retail giant, CompUSA, is in the process of liquidating nearly all of its stores, leaving thousands of workers without a job.

CompUSA, Respect the Thousands of Employees Losing Their Jobs

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CompUSA workers deserve to be treated with respect

Stand up for fairness and make your voice heard

To: CompUSA, Gordon Brothers Group LLC, and Carlos Slim Helu

We, the undersigned, demand that CompUSA employees and their families be treated with respect as the company is sold off. Landlords, creditors, and consumers have all been promised proper treatment in the liquidation process but you haven't made any public statement about the thousands of employees losing their jobs.

The majority of CompUSA hourly employees are not currently set to receive severance pay, continuation of benefits, or a hiring preference at stores which continue under new ownership. Workers did not even receive adequate notice of the shut down.

We urge you to show the appropriate respect for the workers and their families as they face unemployment in a very difficult economic environment. As Gordon Brothers makes millions selling off CompUSA, the least you can do is provide workers with a fair severance package and increase the transparency of the dissolution process.

CompUSA, Respect the Thousands of Employees Losing Their Jobs

Mexican billionaire Carlos Slim Helu recently sold the U.S. electronics retailer CompUSA to the private equity arm of Gordon Brothers LLC, a liquidation firm.

Brandworkers Open Letter to CompUSA Buyout Firm Regarding Mass Layoff of Employees

William Weinstein
Principal, Gordon Brothers Group
Chief Executive Officer, CompUSA
101 Huntington Avenue, 10th Floor
Boston, MA 02199
info@gordonbrothers.com

February 4, 2008

Via Fax and E-Mail

Dear Mr. Weinstein,

I write to express the concern of Brandworkers International regarding the fate of CompUSA employees as you oversee the liquidation of the company. Brandworkers is a non-profit organization with the mission of protecting and advancing the rights of retail and food employees.

Since Gordon Brothers Group LLC purchased the national electronics retailer from Mexican billionaire Carlos Slim Helu, you have given public assurances to several CompUSA stakeholders. Specifically, you have promised proper treatment for landlords, creditors, and consumers in the CompUSA liquidation process. You have not however made any public assurances of fair treatment for the thousands of CompUSA workers being laid off.

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