The company said the workers at Branch One, 229 N. McGregor, Carthage, were on "temporary, unpaid layoffs.
"These layoffs will continue indefinitely, but are intended to be temporary and last less than six months."
The layoffs occurred, the notice said "because of COVID-19-related business circumstances that were not reasonably foreseeable.
"We would like to have given more notice of this action, but were unable to do so because of how quickly our operations were affected by the COVID-19 pandemic, the World Health Organization's pandemic declaration on March 11, the President's declaration of a national emergency on March 13 and other related government announcements and actions."
3 comments:
Why is Leggett still paying dividends and continuing their share repurchases instead of taking care of their employees. I know it’s a big ego trip for the execs to say they have increased dividends for the last 30-40 years. However, shouldn’t their employees and their families be more important than shareholders at this time?
Were their employees and their families ever more important than shareholders at Leggett and Platt? At any time?
If Leggett drops the dividend, the share price will tumble SIGNIFICANTLY and will stay down. I got laid of from Leggett and would rather my investments stay somewhat safe and get the ridiculous unemployment amount and I think many of the long-term workers would agree.
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