aAfter arguing with the company’s board of directors and financiers about whether the owner of the company will file for bankruptcy United Furniture Industry-last week 2,700 workers were fired Via text messages and emails in their sleep he disappeared.
businessman David Belford He has been silent since firing all of his employees in Mississippi, North Carolina and California before Thanksgiving, despite attempts by lenders and attorneys for the fired employees to contact UFI, according to a filing. the post.
According to one source, “Nobody has heard from the owner. He’s not answering anyone’s calls. It’s a horrible situation.”
Several former workers are posting reports that Belford flew to Paris after the layoffs, according to him Philip Hearnan attorney for hundreds of laid-off workers in Mississippi.
In an emergency meeting on November 20, the board of directors of Tupelo, located in Miss. Submit a file Chapter 11 Bankruptcy protection. According to Hearn, who is the lawyer for more than 600 UFI Employed in Mississippi, many of them senior employees, Belford canceled the proposal the next day.
2,700 workers were fired overnight
On November 21, while UFI employees were asleep, they received panicked emails and texts warning them not to go to work the next day because their jobs were immediately canceled along with their health insurance.
Given Belford’s silence, UFI’s creditors and a few close partners are scrambling to decide what to do with the company’s assets, leases and disgruntled employees.
the post He claims that despite the company’s terrible conditions, no bankruptcy or liquidation has been filed. Only Belford has the power to make decisions about the law.
Officially, the UFI has blamed “unforeseen business conditions” for the layoffs, but Belford privately points an accusing finger at the company’s lenders, which include Wells Fargo.
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