Article

2024-05-14 Economy

Workers' fury as thousands lose their jobs after Red Lobster immediately shutters more than 50

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Posted by Skidmark 2024-05-14 08:10|| || Front Page|| [206 views ] Top

#1 What killed the company was when the new owner sold all the real estate, and then made the stores lease their locations back. Death spiral from there.

Posted by ed in texas 2024-05-14 09:02|| 2024-05-14 09:02|| Front Page Top

#2 Before Red Lobster or The Olive Garden, there was Waycross's The Green Frog

Waycross, GA gateway to the Okefenokee

Posted by Beavis 2024-05-14 09:47|| 2024-05-14 09:47|| Front Page Top

#3 Hopefully, my Mom’s favorite didn’t get the ax. I gave her a gift card in her Mothers Day haul.

Posted by Super Hose 2024-05-14 11:23|| 2024-05-14 11:23|| Front Page Top

#4 Now California workers are demanding $25 minimum wage.

Posted by Deacon+Blues 2024-05-14 11:50|| 2024-05-14 11:50|| Front Page Top

#5 ^ I read $30.I got $30.Do I hear $35?

/auctioneer voice

Posted by M. Murcek 2024-05-14 11:56|| 2024-05-14 11:56|| Front Page Top

#6 California workers are demanding $25 minimum wage.

If they raise the minimum wage to $100, then people will only need to work 1/4 as many hours which means employers will need to hire 4 times as many people. More money, more free time, and more jobs! Increased prosperity for everyone!

Unless, of course, they start replacing workers with robots who only need a smoke break when they are actually on fire.

Posted by SteveS 2024-05-14 12:22|| 2024-05-14 12:22|| Front Page Top

#7 Look for those in danger of being automated out of their jobs to form a union. They will get laws passed requiring two warm bodies at $100/hr for each robot.

For starters...

Posted by M. Murcek 2024-05-14 12:25|| 2024-05-14 12:25|| Front Page Top

#8 They haven't been good for years, and lousy corporate management hasn't done 'em any favors. Everything there just tastes like fish flavored grease.

Mike

Posted by MikeKozlowski 2024-05-14 12:49|| 2024-05-14 12:49|| Front Page Top

#9 Later news is that 87 locations had been shuttered.

I think that is about 10-20% of all locations in the USA.

Posted by Lord Garth 2024-05-14 12:57|| 2024-05-14 12:57|| Front Page Top

#10 I think lots of the pricier chain restaurants are suffering from Long COVID, but they will die of Joeflation.

With long COVID co-morbidity.

Posted by M. Murcek 2024-05-14 12:58|| 2024-05-14 12:58|| Front Page Top

#11 ZH reports corporate press release says "temporary" closures.

Which explains auctioning off the kitchen equipment.

Posted by M. Murcek 2024-05-14 12:59|| 2024-05-14 12:59|| Front Page Top

#12 Mrs Mundi n I got waylaid by a snowstorm in Flagstaff on our recent Rt 66 roadtrip. We Doordashed Red Lobster and loved the fish sandwich - glad we took the opportunity. Getting really tough out there for the chains.

Posted by Rex Mundi 2024-05-14 13:38|| 2024-05-14 13:38|| Front Page Top

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