Former Toys ‘R Us workers to get $20M in hardship fund

<p>Two private equity owners of the iconic Toys &lsquo;R Us toy chain will be handing over a $20 million hardship fund to the thousands of former workers left jobless and without severance after the chain was liquidated in June.</p>

News 12 Staff

Nov 20, 2018, 3:34 PM

Updated 2,017 days ago

Share:

Former Toys ‘R Us workers to get $20M in hardship fund
Two private equity owners of the iconic Toys ‘R Us toy chain will be handing over a $20 million hardship fund to the thousands of former workers left jobless and without severance after the chain was liquidated in June.
The move by KKR and Bain Capital is aimed at helping the 30,000 workers affected by the store closures and comes following efforts by worker-backed groups.
Workers are pushing to get an additional $55 million they believe they're owed and are looking to other firms that had a stake in Toys ‘R Us and that they believed played a role in the chain's demise.
AP wire services helped contribute to this report.


More from News 12
2:07
Monmouth County police patrols to crack down on distracted driving

Monmouth County police patrols to crack down on distracted driving

1:33
Stormy weather lingers into Thursday morning; sun returns for afternoon

Stormy weather lingers into Thursday morning; sun returns for afternoon

2:08
‘We can’t wait for a catastrophe.’ Officials call for greater consequences for rowdy teens after Jersey Shore unrest

‘We can’t wait for a catastrophe.’ Officials call for greater consequences for rowdy teens after Jersey Shore unrest

2:22
Newark high school students earn 60 college credits early as part of dual enrollment program

Newark high school students earn 60 college credits early as part of dual enrollment program

0:31
Prosecutor: Man accused of trying to rob 2 gas stations, grocery store arrested in Virginia

Prosecutor: Man accused of trying to rob 2 gas stations, grocery store arrested in Virginia

0:50
Jersey Proud: Seton Hall pep band director to retire after nearly 40 years

Jersey Proud: Seton Hall pep band director to retire after nearly 40 years

2:09
Menendez bribery trial: Jurors see texts sent between senator and wife regarding Egyptian military aid

Menendez bribery trial: Jurors see texts sent between senator and wife regarding Egyptian military aid

2:15
Officials announce multimillion-dollar project to help improve Port of New York and New Jersey

Officials announce multimillion-dollar project to help improve Port of New York and New Jersey

0:23
Route 71 Bridge connecting Belmar to Avon-by-the-Sea to reopen Friday

Route 71 Bridge connecting Belmar to Avon-by-the-Sea to reopen Friday

1:56
New Jersey marks first day of early voting for presidential primary

New Jersey marks first day of early voting for presidential primary

0:29
Charges against world’s top golfer Scottie Scheffler dropped after arrest outside PGA Championship

Charges against world’s top golfer Scottie Scheffler dropped after arrest outside PGA Championship

0:23
Police: Ex-owner of Morley’s Magic Theater in Butler accused of possessing child sex abuse materials

Police: Ex-owner of Morley’s Magic Theater in Butler accused of possessing child sex abuse materials

0:24
Police: Woman wanted for questioning in Newark shooting

Police: Woman wanted for questioning in Newark shooting

0:52
Strikes loom at 3 New Jersey hospitals as union fights for better staff-to-patient ratios

Strikes loom at 3 New Jersey hospitals as union fights for better staff-to-patient ratios

0:26
$83 million grant to renovate Brick Church Station in East Orange

$83 million grant to renovate Brick Church Station in East Orange

0:20
Police: Suspect wanted for stealing packages from Tinton Falls residence

Police: Suspect wanted for stealing packages from Tinton Falls residence

1:32
Father’s Day Gift Ideas: Exclusive Deals – Up to 50% OFF!

Father’s Day Gift Ideas: Exclusive Deals – Up to 50% OFF!

0:20
Police: Loaded gun found in man’s carry-on bag at Newark Airport

Police: Loaded gun found in man’s carry-on bag at Newark Airport

2:20
Activists hold rally in opposition to NJ Turnpike expansion project in Hudson County

Activists hold rally in opposition to NJ Turnpike expansion project in Hudson County

Is your dad awesome? New Jersey tell us why your dad rocks!

Is your dad awesome? New Jersey tell us why your dad rocks!