Sears just barely staved off liquidation, but thousands of retirees will lose their life insurance benefits, according to CBS.
that his fellow retirees were concerned about life insurance even before the company declared bankruptcy. Olbrysh didn't immediately reply to Business Insider's request for comment.
In the wake of the news, critics blasted the struggling retailer on social media, pointing out that Sears previously received court approval to dole out $25 million inOlbrysh told"Whether they can get away with it or not has to do with the vagaries of bankruptcy law and how it works on benefits plans," Paige said.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Hundreds gather to mourn 9-year-old California girl found in duffel bag on hiking trailBefore going inside, mourners saw 90 candles lighted in honor of Trinity's life — 10 for each of her nine years — and heard the church's bells toll for 90 seconds.
और पढो »
Influential French New Wave director Agnes Varda dies at 90Filmmaker Agnes Varda, a central figure of the French New Wave and feminist activist who later won the Golden Lion at the Venice Film Festival, has died. She was 90.
और पढो »
Acclaimed film director Agnès Varda dead at 90French film director Agnès Varda -- an icon of feminist cinema and the sole female director to emerge from the French New Wave of the 1960s -- has died at the age of 90, her family has confirmed.
और पढो »
Agnes Varda, grande dame of French cinema, dies aged 90Agnes Varda, the French New Wave pioneer who for decades beguiled, challenged and charmed moviegoers in films that inspired generations of filmmakers, has died from cancer.
और पढो »
Outrage as Sears cancels life insurance benefits for up to 90,000 retireesRetirees were informed of the change by letter — though some reportedly weren't notified until after the termination date had passed.
और पढो »