My Favorite Steak Restaurant Is Closing All 261 Of Its Locations

In a desperate bid to stay afloat, Logan’s Roadhouse fired every employee and is set to close 261 locations. While many restaurants have switched to take-out and delivery, Logan’s decided it was better just to clear off their payroll and put people out of work rather than try to stay afloat during the worst economic collapse in American history. Logan’s Roadhouse is owned by the same parent company that owns Old Chicago, which is why it was decided by that large company, it would furlough all of its employees and their healthcare benefits just as people needed them most.

Not only did the restaurant company abandon its workers during this health and economic crisis, the company’s CEO, Hazem Ouf, but was also fired for stealing. He moved around money to suit his personal agenda despite never having the approval to do so.

It was reported, “Hazem Ouf was fired as CEO of the company, CraftWorks Holdings, for passing along $7 million in sales taxes to states where the company’s various brands were in operation.”

Days after this man’s firing due to failing to make this financial move under the approval of the court-appointed supervising parties, CraftWorks Holdings, decided to keep on firing their workers. The company did this by “mothballing” every one of its 261 locations because it claimed they did not have any money to keep them running.

The company failed to tell employees that their jobs were gone for good, which meant that some people were holding onto the hope that they’d be able to return to work shortly once the first wave of the COVID-19 pandemic swept across America.

Before the pandemic, the company was struggling. It filed for Chapter 11 bankruptcy, which was made only worse by the economic crash during Trump’s fourth year in office.

After the company fired Hazem Ouf, they replaced him with the new CEO, Marc Buehler. He wasted no time in terminating employees and cutting off their healthcare benefits. Because these employees were left high and dry when they needed health care the most – during a global pandemic – people are scrambling to sign up for Obamacare, which continues to be a respite for people in need of affordable health insurance.

Logan’s Roadhouse had about 18,000 employees who were all suddenly let go because the company was mismanaged and fail to have any backup plan if things did not go their way. Instead, their leadership only looked out for themselves and their pocketbooks.

Although the restaurant abandoned their employees in their time of need, they did leave workers with a bit of hope.

The company shared on Facebook, “Logan’s team members — The HOPE Program and Logan’s Love is managed by the CraftWorks Foundation and is a 501(3)c. The mission of HOPE is to support team members or former team members who are currently experiencing a crisis situation. Team members are defined as people who are currently or were formerly (up to 4 months post-employment) employed by CraftWorks Holdings.”

Do you think companies should do their best to support their workers now? Or should they work to serve just their bottom line during this economic crisis?

SOURCE http://awm.com

Related Posts

She Tried to Ruin My Wedding With One Announcement but I Was Prepared

If you ask anyone who attended my wedding what they remember about it, they will not mention the venue, even though it had chandeliers like inverted crystal…

My husband called while I was at work and said, “I just inherited millions of dollars. Pack your bags. Get out of my house immediately!” When I got home, the divorce papers were ready. I read each page, signed without trembling, put the pen back on the table, and smiled: “Good luck… you’ll need it.”

My husband called while I was at work and said, ‘I just inherited millions of dollars. Pack your bags. Get out of my house immediately!’ When I…

My Ex’s Wife Took My Kid’s Clothes, Then Demanded I Pull Her Out of Private School – I Brought Her Back Down to Earth

When Lily came home from a weekend at her dad’s wearing oversized, cheap clothes, I knew something was wrong. Her favorite sweater was missing again. She shrugged,…

My parents cut me off at nineteen for loving an electrician, nineteen years later my mom showed up on my American front porch shaking with a newspaper in her hand and calling me by a name she swore I could never use again

My Parents Cut Me Off At 19 For Getting Pregnant By An Electrician — 19 Years Later, My Mom Knocked My name is Reagan Harden, I am…

My Sister Wanted to Host Her Son’s 7th Birthday at My House Because It’s ‘Bigger’ – If I Only Knew the Real Reason Why

When my sister Sue begged to use my house for her son Ethan’s birthday, I agreed, even though I’d be out of town. She couldn’t fi twenty…

Silent Greatness Behind Closed Doors

Greatness, I’ve learned, is not a spotlight but a shadow that stands between you and the worst of the world. My sister became that shadow. While I…