The retailer filed for bankruptcy in April and began closing stores and laying off workers.
The company, which has spent $11.8 billion in stock buybacks for its executives since 2004, is "failing to treat retail employees with dignity in the bankruptcy process," according to a
in April and began closing stores and laying off workers. Other workers were denied 401 matches for contributions after receiving misleading guidelines, the letter states. after public pressure and issued one week of severance for every year worked to those affected employees.For several years, Bed Bath's business had been crumbling as it failed to adapt to the rise of e-commerce and keep up with competitors like. As the retailer reported sagging sales and announced plans to close stores and cut workers, it took on more debt to buy back stock in a bid to boost its share price.
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