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| Economy |
| Workers' fury as thousands lose their jobs after Red Lobster immediately shutters more than 50 |
| 2024-05-14 |
| [MAIL] Red Lobster staff across the country are up in arms after the seafood restaurant shuttered more than 50 outlets across with no warning, leaving them jobless with no notice. The chain has 'temporarily closed' locations in Buffalo, Orlando, Jacksonville and other cities, and is auctioning off kitchen equipment and furniture, according to CNN. The brand is reportedly eyeing up a possible Chapter 11 filing to restructure its debt, allowing it to discard long-term contracts and renegotiate new leases. But it has also left its workers in a scramble to find employment, with many Red Lobster staff claiming they were laid off with no warning. One Tiktokker posted a stitched video that started with her talking through her day working at Red Lobster on Mother's Day, before she complained about being laid off. |
| Posted by:Skidmark |
| #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 |
| #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 |
| #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 |
| #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 |
| #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 |
| #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 |
| #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 |
| #5 ^ I read $30.I got $30.Do I hear $35? /auctioneer voice |
| Posted by: M. Murcek 2024-05-14 11:56 |
| #4 Now California workers are demanding $25 minimum wage. |
| Posted by: Deacon+Blues 2024-05-14 11:50 |
| #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 |
| #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 |
| #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 |