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

5 signs that an elderly person may be in their last year of life. Subtle warnings you shouldn’t ignore!

Feeling tired is completely normal, but when exhaustion never fades, muscles cramp, and you keep getting sick, there may be something wrong in your body. Have you…

Why My Husband Divorced Me When He Received This Picture From Me?! It’s The Reason That Shocked Me…

My heart began to race. I opened the picture again and zoomed in on the rear window of the truck, scanning the reflection. At first, I thought…

47 Truckers Came to My Uncles Funeral, But Only One Spoke Up With a Secret That Changed Everything We Knew About Him

In the world of luxury estate planning and high-level wealth management, the concept of a legacy is often reduced to the transfer of tangible assets—real estate, diversified…

At 3 a.m., I got a call from a police officer: “Your husband is in

I stood frozen, the clipboard in my hand heavy as the truth it bore. Jessica Ramirez was not just any name; she was a chapter of our…

The Blind Date Was Empty—Until a Little Girl Walked In and Said, “My Mommy’s Sorry She’s Late…”

The first time he saw her, she was twenty minutes late and sending a child instead of an apology. A pink dress. Blonde curls. A message that…

I came home from the hospital after chemo, barely able to stand. My daughter-in-law slammed

Matthew pulled up to the curb, his truck screeching to a halt. He stepped out, his face a mixture of confusion and anger as he saw me…