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

MY HUSBAND DIED A MONTH AGO—BUT YESTERDAY, HIS PHONE RANG

A month after my 42-year-old husband supposedly died, his phone chimed with a hotel charge made just minutes earlier. My hands shook as I drove to the…

I went to our country house without telling my husband, to find out what he

As the door creaked open, the sun’s rays streamed into the dimly lit room, and what I initially perceived as shadows slowly took form. I stood at…

The husband threw his pregnant wife out into the street with her suitcases, not even suspecting the horror that would await him when he returned home.

The husband and wife had the worst fight they’d ever had. She clutched her stomach and tried to speak calmly, but he was already seething with rage….

“I inherited my dad’s house and faced a dificult decision. Years later, his wife reached out with a surprising message.”

When my father died, he left me his house—a generous gift, but one complicated by my stepmother, who had lived there for years. I offered her options:…

My 70-Year-Old Mother-in-Law Remarried Out of Nowhere in a Nursing Home — The Truth Left Me Stunned

A woman was shocked when her 70-year-old mother-in-law, Margaret, announced she was getting married again. She couldn’t understand why someone her age would plan a wedding instead…

I never told my family I own a $2.8 billion empire; they still see me as a failure, so on Christmas Eve they invited me back just to embarrass me in front of my sister’s CEO promotion with a $1.2 million salary; I put on a thrift store coat, carried a torn purse, and played naïve to see who they really are; but the moment I walked through the door, the “audit” that chills you to the bone had already begun.

By the time security called up to tell me my family was sitting in the Novaore lobby demanding to see “the chairman,” the sun over San Francisco…