Bed Bath & Beyond's Ex-Employees Report Delay in Severance Pay [BNN Bloomberg (Canada)]
Bed Bath & Beyond Inc. (BBBY)
Last bed bath & beyond inc. earnings: 4/15 04:15 pm
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bedbathandbeyond.com
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Source: BNN Bloomberg
Some former employees received an email on Jan. 26 from the human resources department that read, in part: “We are reaching out to you to inform you that there has been a delay with your payment,” according to copies viewed by Bloomberg News. “We recognize the challenges this may cause and appreciate your patience as we work to provide an update.” Former staffers who raised concerns about their severance pay in recent days received an additional email. They asked not to be identified out of concern it would jeopardize their payments. “We are working to provide you with an update, and we are aiming to be back in touch by Wednesday, February 8,” the message said. The email didn't explain the significance of that date. A Bed Bath & Beyond spokeswoman didn't respond Thursday to requests for comment. Severance pay often becomes a contentious point in bankruptcy proceedings. Some critics of the US bankruptcy process say the system offers rich compensation to the executives and advi
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