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

T­h­e­ W­o­r­l­d­ B­i­d­s­ F­a­r­e­w­e­l­l­ T­o­ T­h­e­ A­c­t­o­r­ B­e­h­i­n­d­ O­n­e­ o­f­ T­V­’s­ M­o­s­t­ I­c­o­n­i­c­ C­h­a­r­a­c­t­e­r­s­… S­e­e­ m­o­r­e­

The television landscape is defined by rare, generational talents whose performances transcend the screen and leave an indelible mark on global culture. The passing of Robert Duvall…

How to Use This Strange Tool in Your Kitchen

I spotted a strange metal tool at a garage sale and initially thought it might be an oversized cigar cutter.It turned out to be an egg topper…

Why Everyone Is Mounting Firewood Racks on Their Walls (And Why It’s the Coziest Home Trend Yet)

Wall-mounted firewood racks offer a stylish and practical home feature by turning ordinary logs into functional vertical wall décor while saving floor space and keeping living areas…

With Heavy Hearts, Film Fans Mourn the Passing of This Legend… See more

Known for a long six-decade career with famous roles in *The Godfather*, *Apocalypse Now*, and his Oscar-winning turn in *Tender Mercies*, one of Hollywood’s greatest actors passed…

I Found Something Strange In Our Attic, None Of Us Could Figure Out What It Was… See more..

Consisting of a prong that slides into a curtain header and a hook that attaches to rod rings, old-fashioned drapery hooks offer a timeless, functional way to…

Delayed Airport Flights Uncovered My Secret Twin Sons And Family Deception

My punctuality as a forty-four-year-old resort owner was tested when a thirty-five-minute mechanical delay struck Terminal 2 at Minneapolis-Saint Paul International Airport. I was scheduled to fly…