Report: Fingerhut Halts Further Layoff Notices

Share this article:
A Fingerhut Cos. Inc. spokesman said the company does not plan to send additional layoff notices to employees as long as the sale of the cataloger remains a possibility, according to an Associated Press report.


Nearly 70 percent of Fingerhut's 6,000 employees in Minnesota and Tennessee received 60-day notices as of Jan. 25. However, no warnings have been issued since then, spokesman Ben Saukko said Feb. 6.


"It is likely that we won't [issue more] until a final decision is made on buyer status," said Saukko, who, according to the report, said he could not determine the number of employees who had been placed on paid leave since Federated Department Stores Inc., Fingerhut's parent company, announced Jan. 16 that it would close Fingerhut, Minnetonka, MN, if it couldn't find a buyer.


Federated expects to receive at least one offer this week, said Carol Sanger, vice president of corporate affairs at Federated, Cincinnati. She added that no deadline has been established for purchase offers.


"We are going to allow this process to play out until it becomes obvious that there are no additional viable buyers," she said. "We're not going to shut it down until we are convinced we have run the string."


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

7 Ways to Take Your Marketing Strategy to the Big Leagues

7 Ways to Take Your Marketing Strategy to ...

A game-winning omnichannel strategy must be seamless, synchronous, and symbiotic.

Pet World's Multichannel Marketing Is a Whole Other Animal

Pet World's Multichannel Marketing Is a Whole Other ...

The family owned pet store redesigns its website to bring the in-store experience online.

Complexity's What Marketers Got, Simplicity's What They Want

Complexity's What Marketers Got, Simplicity's What They Want

Customer insights managers want campaign management tools to remain easy to use, even as they up their games with multi-layered campaigns.