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Warren wants worker protections amid Sears bankruptcy

Joe Mont | January 31, 2019

Bankruptcy proceedings for the legendary American retailer Sears, a company that has teetered on the edge of insolvency for years, just became even more complicated.

Sen. Elizabeth Warren (D-Mass.), a 2020 presidential candidate, has sent a letter to Eddie Lampert, chairman of Sears Holdings, asking him for “a long-term plan to protect workers.”

The letter follows Sears’ acceptance of Lampert’s bid to buy the company out of a bankruptcy that occurred under his leadership and was sent five days prior to the bankruptcy court hearing concerning approval of the sale.

“If your offer is accepted and approved, Sears will remain open and tens of thousands of American workers will keep their jobs in the short term,” Warren wrote. “But I am concerned that under your leadership, Sears may continue to struggle and...

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