California-based Raley’s announced that it wants to buy out the contracts of 100 of its employees, and will offer buyouts to 3,000 employees and will accept the first 100 takers, giving them nine months’ pay.
According to reports, the company is looking to reduce its labor costs. However, the chain said that it hoped to actually create room for some people who were laid off at the end of last year in seasonal cutbacks, and that it offered the buyouts in response to expressed interest by some employees.
According to reports, the company is looking to reduce its labor costs. However, the chain said that it hoped to actually create room for some people who were laid off at the end of last year in seasonal cutbacks, and that it offered the buyouts in response to expressed interest by some employees.
- KC's View:
