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

What Is That White Stuff in Eggs?

If you’ve ever cracked open an egg and noticed thin white strands attached to the yolk, there’s no reason to worry. These strands, called the chalazae, are…

Can You Wash Kitchen Towels and Bath Towels Together?

The towels in your home could be spreading more germs than you realize. Many people try to save time by washing kitchen and bath towels together, but…

The entire internet searched for this and was unable to identify it. I have no idea what this is, and neither do 90% of others

At first glance, this unusual kitchen tool confuses many people. Some believe it is an old can opener, while others think it is a woodworking tool or…

What To Do In The Event Of Seeing Square Waves In The Ocean

The ocean can appear peaceful and beautiful, but sometimes its surface hides a serious danger. A rare phenomenon known as square waves creates a strange grid-like pattern…

!! She Was Looking Forward To Her First Day Of School… See more

Six-year-old Emersyn “Emmy” Bridgers tragically passed away following what was expected to be a routine hospital visit. Excited to start first grade in her chosen rose-themed outfit,…

‘Dawson’s Creek’ Star D.i.e.s at 48 After Cancer Battle…See below.

American actor James Van Der Beek, best known for playing Dawson Leery in the hit television series Dawson’s Creek, has died at the age of 48 following…