it would be giving Brooks Brothers a $20 million secured loan. Filing for bankruptcy protection is also reportedly being considered.
"In the ordinary course of business, Brooks Brothers consistently explores various options to position the Company for growth and success. As part of this assessment, it is possible that we will be closing our factories in Long Island City , Garland , and Southwick ," a Brooks Brothers spokesperson told Business Insider.
"We delivered WARN notices to the impacted employees in order to provide workers with sufficient time to prepare for potential loss of employment. This decision is subject to change, should alternative solutions be uncovered in the near-term. The factories are incredibly meaningful to our heritage and we value our employees. All opportunities on the table are still being explored to avoid this difficult outcome.
The spokesperson added that the majority of the company's manufacturing takes place outside of the three factories and that its supply chain is "diversified and strong." They declined to comment on reports that Brooks Brothers could file for bankruptcy.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
How many of their stores got looted too?
Protesters ripped down the sculpture of 17th century politician EdwardColston and dumped it in the harbour yesterday as thousands across Britain demonstrated the death of GeorgeFloydProtests in America
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Look inside a converted Rhode Island fire station for sale - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. When you feel like giving up, remember why you held on so long in the first place. Never give up on your dream! I mean, they can’t get credit for keeping the fire pole. No sane person would remove the fire pole PTeach111 Wow. That’s quite a place.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Inside clash between Minneapolis police and union: Arradondo and Kroll - Business Insider[THREAD] 👇 Chief Medaria Arradondo — Minneapolis' first black police chief — once sued the city and the department, alleging racial discrimination. He’s attempted to institute meaningful reform, but has been met with resistance from the police union. Criminal justice experts say police unions impede meaningful reform in city police departments by protecting aggressive cops. In addition to advocating for higher wages, unions sought to protect job security by limiting disciplinary transparency. Here you go...here’s a really good way to reform police departments...target the unions...they’ve been hindering reform for years and protect bad cops when they shouldn’t be protected DemocRAT run Minneapolis right ? ...
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Inside McDonald's response to George Floyd protests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No junk food. They save lives.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Retailers say stores away from malls are better for future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. World Health Organization said In a way, nature is sending us a message with COVID19. We have pushed nature into a corner.A coronavirus vaccine is thought to be 12 to 18 months away, while WHO emergencies director COVID19
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »