Report: Former Toys ‘R Us employees get checks from hardship fundPosted: Updated:
Former Toys ‘R Us employees are beginning to receive checks from a $20 million hardship fund, according to NJ Advance Media.
Private equity owners of the Wayne-based retailer announced the fund in November as a way to help the 30,000 employees left without jobs and no severance.
The toy retailer filed for bankruptcy back in September in hope of turning around, but terrible Christmas sales left the company on life support.
The chain had 735 U.S. stores when it announced plans to go out of business back in March.
Nearly 1,500 workers in New Jersey lost their jobs after the chain went bankrupt.
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