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Home / Business / Eddie Lampert blaster AOC, Warren about & # 39; hard & # 39 ;, & # 39; false & # 39; Sears redundancies claims

Eddie Lampert blaster AOC, Warren about & # 39; hard & # 39 ;, & # 39; false & # 39; Sears redundancies claims



Sears chairman Eddie Lampert returned to Massachusetts Democrat Elizabeth Warren and New York Democrat Alexandria Ocasio-Cortez on Thursday over their Inquisition on whether Sears had paid redundant employees.

Lampert responded to claims that he broke promises and betrayed Sears employees, "who depended on the resignation that they were promised to pay rent, take care of children and put food on the table," saying these reports was "fake".

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In a letter obtained exclusively by CNBC ̵

1; and confirmed as accurate to FOX Business by a source close to the situation – Lampert said the reports referred to a group of people who were terminated by so-called "Old Sears". "New Sears" refers to the company that has emerged after the acquisition of Sears through Transform Holdco, a part of the ESL Investments Guarantee Fund.

"Our understanding is that the employees are already paid the dismissal of Old Sears," Lampert wrote.

At the end of last month, Warren and Ocasio-Cortez Lampert sent a letter criticizing him for relying on his responsibilities to former workers.

Report that New Sears backed off its obligations, Lampert explains, recalling that Old Sears owes New Sears more than $ 50 million of assets as part of the property agreement. Lampert said that the amount New Sears owes to his wounded relative is reduced dollar-for-dollar by the amount due. Some of these payments were remuneration for retirement, but Lampert said whether New Sears is living on these payments is not related to whether employees were paid.

He added that New Sears has paid his retirement to former employees.

The businessman also defended his position as head of Old Sears, saying that the error was not due to "a venal plot to steal his belongings." He also said that the job losses of the dealer are not isolated – listed a number of other dealers who have cut employees

"Singles Sears out and disturb me and the company because we could not transform Old Sears when so many others met a similar fate is unfortunate and unfair, "Lampert said.

Lampert was not ready to say if more stores would close in the future.

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A bankruptcy judge approved the elk $ 5.2 billion plan to save 425 stores and 45,000 jobs in February. At that time, ESL said New Sears would continue to run as many stores as possible, including new smaller stores.

Lampert said the company has opened three "new small-format stores" over the past month.

Sears filed for bankruptcy in October, when it struggled to adapt to today's business environment, weighed down by debt and debt. The company had not made any profit since 2010.


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