No doubt.. Most companies that are worth anything offer a severence package of some sort anyway..mike123abc said:It is probably cheaper to just pay the employees 60 days pay and close up shop. After all I doubt that employee salaries are a very large part of the VOOM budget.
zombie said:No doubt.. Most companies that are worth anything offer a severence package of some sort anyway..
Sean Mota said:Scott that sounds very optimistic but I just received the following memo that was sent to all staff.
To: Rainbow HD Holdings LLC Employees
From: Tom Rutledge
Date: March 1, 2005
Re: WARN Notice
As a result of the Board of Directors’ February 28, 2005 decision to close the direct broadcast satellite business, Rainbow HD Holdings LLC anticipates that it will cease operations at its facility located at 11 Penn Plaza, 2nd Floor New York, NY 10001 between March 4 and March 31, 2005. As a result, all of the employees employed by Rainbow DBS Company LLC at this location will be laid off permanently. Because of this, we are issuing this notice pursuant to any potential obligation under the federal Worker Adjustment and Retraining Notification Act (“WARN”). Under WARN, we are required to give you notice of our intent to layoff employees. These layoffs will result in your termination, and the permanent elimination of your position.
We anticipate that your last day of work will be between March 4 and March 31, 2005. You do not have bumping rights. Please return the attached acknowledgment form indicating you have received this notification to ******, Employee Relations Manager.
madpoet said:You have no idea how much I want to register jimdolansucks.com.... it's open.
MarchingJohnny said:No...All of the production on Voom's Exclusives is all part of Rainbow (CVC). I hear they share space with AMC & WE
Got web space? I can donate some..bryan27 said:You waited too long. Lets welcome the new owner of www.jimdolansucks.com
ME!!! :shocked
Our commencement will be burning Jim Dolan in effigy in 3 days time.
gutter said:To avoid a mass exodus of subs...Tom & Chuck would need to make some public statement beyond what was sent Monday.
Sean Mota said:They are all in the same floor. So are they part of the layoff or not?
Answering your own questions is not a good sign.. grab a beer and relax.Sean Mota said:Yes, they are part of the layoff...
Sean Mota said:Then they are foolish enough to open themselves to the above.