Monday, October 05, 2009

Well that's a fine how do you do?

Michigan ink retailer InkStop basically shutdown overnight. However, the shocker seems to be the fact that they haven't paid their insurance premiums since 8/31. Wow.

"No paycheck, no health insurance and no job! That's exactly what all InkStop employees are suddenly dealing with. The company has closed all InkStop stores nationwide, which includes 23 stores in Michigan.

InkStop managers called their employees last night at 10 p.m. to notify them that the company was "temporarily closing" while they restructure the company. All employees have been laid off.

To make matters worse, workers did not get their paychecks Friday. On top of that, they also found out that InkStop didn't pay their health insurance premiums for the month of September. Employees just learned that their coverage actually ended August 31.The Cleveland-based company has 163 stores nationwide."

Cheers!

No comments: