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Saturday, August 06, 2016 7:42:11 AM
Most recent victim in Hickory, NC area is they did private deal to owner of Clark Tire Company, and NONE of the employees or managers knew about it, and all received e-mail from owner one evening only, just had recent meeting in Hickory, NC about Merger expectations, whereas MNRO will formally control Clark Tire stores as of August 28th now... Word is they paid Owner of Clark Tire just over $1 Billion CASH for his former private family business...
Clark employees not happy as they already said all Administrative/Finance Dept people to lose jobs, as MNRO bringing in their own people. As far as others/managers, they took base salaries away and only going to pay them on % of store retail profits and cut benefits Clarke Tire employees were receiving even... Plus managers told expect to work 7 days/week 12 hour days, limited breaks even... Wonder what Federal/State wage & hour bureau thinks of such terms of employment?? I thought it was illegal to cut any employees salary under labor laws??
Recent MNRO News
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- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 05/28/2024 08:01:22 PM
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- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 08:25:24 PM
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