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29 July 2011 @ 11:43 pm
Severance? yes? no?  
Will we get anything if were part of this current mass-closing; any word on severance?   Some say yes and some say no!
 
 
 
( 57 comments — Leave a comment )
(Anonymous) on July 30th, 2011 04:00 am (UTC)
There is not any severance.
no.
(Anonymous) on July 31st, 2011 04:00 am (UTC)
Re: There is not any severance.
Ain't gettin' nothin' so shutup! Pull yer head outta yer dreamworld arse.
Re: There is not any severance. - (Anonymous) on August 2nd, 2011 11:41 pm (UTC) (Expand)
(Anonymous) on July 30th, 2011 05:17 am (UTC)
I was part of the April round of closings and go nothing. Maybe our GM and other managers got something, but I doubt it. There were supposedly "retention bonuses" if they stayed to the end and we met some kind of sales goal. The rest of us were guaranteed nothing from the start.

If you're a manager or sup, I'd say maybe, but don't count on it.
(Anonymous) on July 31st, 2011 04:17 am (UTC)
I was a GM of a closing store back in April. We found out we were closing in February and sometime in May, I got a check for about $800. That amounted to about $15 a day through the closure. A joke.
99missualready on July 30th, 2011 07:26 am (UTC)
OT
Getting extra hours now is the most "extra" pay any of the employees can hope for.
(Anonymous) on July 30th, 2011 10:26 am (UTC)
the liquidation retention bonus are weeeeeak...as a supe, I could have "potentially" gotten $1,000...partly pro-rated on how long your individual store stays open, and partly based on sales goals of the entire group of stores in your cluster. When all was said and done, I wound up scheduled to get about $700 of that potential $1,000 and after being taxed up the wazoo, my check was something like $412.
(Anonymous) on July 31st, 2011 06:26 pm (UTC)
By the way, that amount was prorated based on ALL of the closing stores making their sales goals. Our liquidator explained this to me as "you" making your sales goals. Deceit!
(Anonymous) on July 30th, 2011 12:39 pm (UTC)
Severance? SEVERANCE? ROFLMAO!!
(Anonymous) on July 30th, 2011 12:43 pm (UTC)
For those of you that are job hunting, get on linkedin and join the Borders Alumni Network. Tons of leads and recruiters from all over are posting there.
(Anonymous) on July 30th, 2011 01:12 pm (UTC)
At the AA Office
Yes they are getting it. Up to 12 weeks of your base pay.
(Anonymous) on July 30th, 2011 01:17 pm (UTC)
Only the management gets severance according to how long they were with the BORDERS
(Anonymous) on July 30th, 2011 01:46 pm (UTC)
Not Just Management
Buyers are getting 1 week per year up to a maximum of 12 weeks pay. So if you have worked for Borders for 10 years your severance package is 10 weeks pay. Other areas in AA are also receiving this package.

I know this for a first hand fact. I was in AA.
Re: Not Just Management - (Anonymous) on August 1st, 2011 04:44 am (UTC) (Expand)
Re: Not Just Management - (Anonymous) on August 1st, 2011 07:20 pm (UTC) (Expand)
Re: Not Just Management - (Anonymous) on August 1st, 2011 07:21 pm (UTC) (Expand)
Re: Not Just Management - Nichole Pell on August 9th, 2011 08:42 pm (UTC) (Expand)
Re: Not Just Management - (Anonymous) on August 15th, 2011 02:21 am (UTC) (Expand)
(no subject) - (Anonymous) on July 30th, 2011 01:51 pm (UTC) (Expand)
(Anonymous) on July 30th, 2011 01:50 pm (UTC)
Just a reminder
Severance is heavily taxed. 40% in Michigan as I recall. Check the laws in your state.
(Anonymous) on July 30th, 2011 01:54 pm (UTC)
Re: Just a reminder
Very true. They tax it like a "bonus" would be which is 40%.
Re: Just a reminder - (Anonymous) on July 30th, 2011 03:02 pm (UTC) (Expand)
(Anonymous) on July 30th, 2011 02:01 pm (UTC)
severance?
I'm an SM and have heard nothing about severance. I was offered a retention bonus of not much money. Basically 2 weeks pay. I would love to get 12 weeks, but I don't think it will happen.
(Anonymous) on July 30th, 2011 02:43 pm (UTC)
Corp/District Get Sev
Corp and district managers will get severance.
Hourly will get a lump sum which will be taxed at a high rate
Exempt will get one week pay for every year worked capped at 12 weeks, paid over normal bi-weekly payroll

Normal store staff will get shit.
(Anonymous) on July 30th, 2011 07:37 pm (UTC)
Re: Corp/District Get Sev
damn, i was hoping Jana wouldn't get squat
Re: Corp/District Get Sev - (Anonymous) on August 1st, 2011 12:03 am (UTC) (Expand)
Re: Corp/District Get Sev - (Anonymous) on August 1st, 2011 07:22 pm (UTC) (Expand)
(Anonymous) on July 30th, 2011 02:59 pm (UTC)
Totally confused - sorry. Is it only AA staff that will be getting severance? What about salaried managers in the field - both BSS and BSR. I thought the answer for us was NO. Not really fair that HO gets it and nothing for the rest of us. Course what has ever been fair in this company! Thanks.
(Anonymous) on July 30th, 2011 03:27 pm (UTC)
Nothing for the field staff unless you can qualify for the liquidators "retention bonus". Once the stores were"sold" to the liquidators you became their employees. At this point Borders is basically only an administrator to it's former store employees.
(no subject) - (Anonymous) on July 30th, 2011 03:30 pm (UTC) (Expand)
(no subject) - (Anonymous) on July 31st, 2011 02:48 am (UTC) (Expand)
(Anonymous) on July 30th, 2011 03:26 pm (UTC)
Totally confused - sorry. Is it only AA staff that will be getting severance? What about salaried managers in the field - both BSS and BSR. I thought the answer for us was NO. Not really fair that HO gets it and nothing for the rest of us. Course what has ever been fair in this company! Thanks.
(Anonymous) on July 30th, 2011 09:49 pm (UTC)
My understanding is that AA and Distribution Centers will be getting severance. Retail employees will not be getting any severance from what I have heard.
(no subject) - (Anonymous) on July 31st, 2011 04:19 am (UTC) (Expand)
(Anonymous) on July 30th, 2011 03:55 pm (UTC)
Very Rarely
In retail it is a rare occurrence when store employees in a bankrupt company will get severance. Given the fact that the company in this case is the mismanaged Borders should anyone really be shocked that there is no severance at store level?

Borders is not the first major retailer to go bankrupt and not pay severance to every employee. Sure it seems unfair and sucks but Borders is not a unique case. Over the past 4 years a lot of people have lost jobs due to their employers going bankrupt and received nothing for years of service. Many of those people have never found new jobs and unemployment has run out. Bet they said the same things when their employers closed down. Now we add our voices to that group.

Sorry but face facts and do whatever we can to find new jobs.
bookboss83 on July 30th, 2011 04:14 pm (UTC)
from a bookmark flash 7-21
As was the case with the stores that went through the liquidation process earlier this year, store associates are not eligible for severance.
(Anonymous) on July 30th, 2011 07:02 pm (UTC)
Severance
I've received my "walking Papers" and it states that severance will be paid one week for each year of service, up to 12 weeks. If you have less than 3 years, you are eligible for two weeks. But you have to stay till the end.

CA Associate
(Anonymous) on July 30th, 2011 07:41 pm (UTC)
Re: Severance
"walking Papers"? Did you receive these by mail? e-mail? in-store? Please elaborate. Thank you.
Re: Severance - (Anonymous) on July 31st, 2011 04:20 am (UTC) (Expand)
(Anonymous) on July 30th, 2011 10:25 pm (UTC)
This is kinda unrelated, but what are they saying about job abandonment? I heard there was an email that went out about it. I'm thinking about quitting on the spot. My manager is a total jackass and im getting tired of it.
(Anonymous) on July 31st, 2011 12:19 am (UTC)
try checking with your local unemployment office
They may be able to give you some guidance.
I quit during liquidation - (Anonymous) on July 31st, 2011 12:48 am (UTC) (Expand)
(no subject) - Nichole Pell on August 9th, 2011 08:39 pm (UTC) (Expand)
(Anonymous) on July 31st, 2011 04:15 am (UTC)
For store employees, both salaried and hourly, there is absolutely, positively, no "severance."
(Anonymous) on July 31st, 2011 06:41 am (UTC)
District Managers
I wonder if any of them got any severance or prolonged insurance coverage.
(Anonymous) on July 31st, 2011 04:30 pm (UTC)
Did you really even have to ask the question? This company has given pay raises in three years. Why would they even consider severance?
(Anonymous) on July 31st, 2011 06:36 pm (UTC)
re: liquidators "retention bonus"
Regular joe/josephine schmo employees won't get shit. It's the managers and supervisors who are eligible for it. If you haven't been talked to about it, then you won't receive it.
(Anonymous) on July 31st, 2011 06:38 pm (UTC)
Above anyone else, I hope Angie Baber gets a hefty severance package. By far, she was the best district manager I have ever had the pleasure of working with. Her extensive background in the jewelry business transcended into an impeccable knowledge of the book business. From her inspiring discussions about how e-books are just like tennis bracelets, to sharing her favorite business book with us: Green Eggs and Ham, to personally telling us that our store had nothing to worry about a week before the first round of store closings was announced (leaving for us to discover that we were on the top of the list of closings!), she acts with nothing but the utmost professionalism and integrity. It was especially touching how she completely abandoned all communications with our store right after the first round of closings were announced and how she left us in the dark throughout the entire liquidation. We also enjoyed the way she popped into the store unannounced during the liquidation to eyeball fixtures for her other stores, while avoiding eye contact with our store employees and any contact with store management. I hope she enjoys her severance package, she certainly deserved it, and any future employer should be honored to have such a respectable, honest, knowledgeable, and professional person as Angie Baber on-board.
(Anonymous) on August 5th, 2011 03:51 pm (UTC)
thank you, and be forewarned
I played the hand I was dealt in the best possible way I knew how, and most definitely brought a sense of integrity and professionalism to the job at hand, which was extraordinarily difficult, given the predicament we're now all in. I am the sole breadwinner of my family at the moment, and most of my job consists of traveling and meeting with people for 16+ hours a day, so it has been an unbearably stressful time...but I have never in my life allowed personal issues to interfere with the execution of my job description and worth ethic.

As for transparency of communication, I am a district manager: I'm forced to politic when necessary and am only allowed to say certain things at certain times to certain people, to achieve certain agendas. That is the way it is for all DMs, and it does pain me to have to seem sneaky sometimes; this pressure to politic, added to my family situation, is why severance is going to be so welcomed.

Your cowardly anonymous character assassination of me, as brilliant an exercise in sarcasm as it is, was very foolish. I know exactly who you are; some of your coworkers (who I will keep anonymous) were kind enough to tell me what you've said about me in the breakroom, and on the sales floor, no less! I have since spoken with your manager about this matter, and I guarantee it is going to be resolved in the best possible way.

Be prepared to be met with this question by your next employer: "So, why do you have no references and a huge hole in your work history?" Your road is going to be long and hard, my friend. Think twice next time you decide to be a smartass.
Re: thank you, and be forewarned - Nichole Pell on August 9th, 2011 08:14 pm (UTC) (Expand)
Re: thank you, and be forewarned - (Anonymous) on August 10th, 2011 06:58 pm (UTC) (Expand)
(Anonymous) on July 31st, 2011 07:39 pm (UTC)
Definitely not, at least for booksellers. Maybe management's special.
My store closed. Got zip.
(Anonymous) on August 1st, 2011 06:40 pm (UTC)
uh huh, loser...
yeah, management's special...they had to deal with whiners like you along with infinitely more responsibilities and pressure from above. i'd say they've earned it. We've all absorbed a lot of blows for you peons, and don't forget it as you search the wasteland of retail to find other jobs.
Re: uh huh, loser... - (Anonymous) on August 1st, 2011 07:15 pm (UTC) (Expand)
Re: uh huh, loser... - Nichole Pell on August 9th, 2011 08:34 pm (UTC) (Expand)
Re: uh huh, loser... - (Anonymous) on August 11th, 2011 03:16 am (UTC) (Expand)
(Anonymous) on July 31st, 2011 07:44 pm (UTC)
Also, you get a vacation lump-sum payout for days you earned. That's about it. It goes without saying, if you can, use personal time available to you.
But you might come back to find out you're no longer on the schedule.

Yep. Happens.
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