3 ms·
United Furniture Industries fired 2700 workers with no severance nor COBRA
- prirun 4y agoDon't have to if they are going to file for bankruptcy. More info about the formation and ownership of UFI: https://www.woodworkingnetwork.com/news/woodworking-industry-news/united-furniture-closing-2700-workers-notified-midnight-email-stay https://www.woodworkingnetwork.com/news/woodworking-industry... They're a conglomeration of a bunch of other companies, owned by a PE firm, so maybe they had a lot of debt that they now can't rollover at low interest rates.