Laid-off Workers Want Their Severance – Mazer Corp.
Read what “Business Week” has to say about Mazer Corp. abruptly shutting down the Johnson City, TN plant where 130 employees lost their jobs. It has also been reported that the company collected insurance payments from employees, but never paid the insurance company for employee coverage.
Also see previous posts.
Tri-Cities, TN area loses 130 jobs
Former Mazer Corp. Employees Had No Insurance
David Mazer doesn’t think he should be cast as a villain. The former CEO of Mazer Corp. had been scrambling to keep his Dayton education publishing firm alive when his bank abruptly halted negotiations for much-needed financing on Dec. 30. Unable to pay wages and mounting bills at the company his father founded 44 years ago, Mazer immediately laid off employees without any severance or notice. He says he had no choice. Mazer sent e-mails to his 296 employees around 5 p.m., telling them it was their last day and adding that “we are sorry for the short notice, but we chose to fight until the very last minute to keep the doors open.”