Wisconsin Senator Says Former Shopko Employees Got Little Severance

U-S Senator Tammy Baldwin says he met with former Shopko employees this weekend and found they received little or no severance pay when the company went bankrupt this year. Former employees say they were promised back pay if they stayed with the company until the end. But Baldwin says Sun Capital, a private equity firm, took Shopko and its employees for granted. Baldwin says she is “tired and frustrated” of seeing private investment firms take these sort of actions across the country. Shopko filed for bankruptcy in January, closing all of its stores, and laying off three-thousand employees in Wisconsin.