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With Sears filing for bankruptcy and as many stores closing, the end may be approaching the iconic US dealer. Many of us are not clear.
USA TODAY

A group of current and former employees of Sears Holdings urged a federal bankruptcy judge to meet them and force the dealer to make concessions as it pursues a last-minute deal to save in shrinkage. 19659004] The employees, who have organized their campaign through an action group called Rise Up Retail, sent a letter to US bankruptcy judge Robert Drain and asked him to take steps to protect their interests.

Sears has closed more than 3,500 stores and cut about 250,000 jobs in roughly the last 15 years as a sales crate, leading to the company's Chapter 11 bankruptcy filing in October.

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But the company, which also owns the Kmart chain, still has around 45,000 employees and 425 stores that will be transferred to the Sears chairman and former CEO Eddie Lampert's hedge fund ESL Investments whose Drain approves the proposed sale. [19659005] Drain began a hearing on Monday to consider the deal. Sears board member William Transier testified that Drain had personally urged the dealer and ESL to agree on a sale behind closed doors because of his "very strong" hope to save as many jobs as possible.