Header Image Mobile Header Image

Campaign Updates

05/16/2018 | Restoring a Fair Workweek
Published By:The Progressive

Toys 'R' Us and the Death of Retail

When Debbie Beard found out the company she'd worked at for 29 years, Toys R Us, was closing down, she was shocked--she knew the company had been having financial difficulties for a while, but didn't realize it was that bad. The more she learned, though, about the way the company had been looted by private equity firms Bain Capital and KKR, the more she determined that no one else should have to go through this. Debbie and other Toys R Us workers are organizing to demand severance pay from the company, and beyond that, organizing to stop the kind of leveraged buyouts that saddle viable companies with unsustainable debt. She joins  me along with Carrie Gleason of the Fair Workweek Initiative at the Center for Popular Democracy to explain what can be done.

Read the full article here.