One of those locations is the Ashwaubenon store at Bay Park Square Mall.
Multiple Younkers and Herberger's stores in Minnesota are set to close according to a letter sent out by Bon Ton Vice President of Human Resources Gail Monreal yesterday.
The layoff notices were filed under the Worker Adjustment and Retraining Notification Act (or WARN) and were required under state and federal law, Bon-Ton said.
"Bon-Ton is in active discussions with an investor group to acquire the company in a court-supervised sale process", the company said in a statement Friday.
Bon-Ton said in a news release that it intends to hold an auction on April 9, with sale to be approved by a court on April 13. It is legally required to provide employees with 60 days notice before they lose their jobs.Читайте также: Kendra Wilkinson and Hank Baskett's marriage is over
In a document filed Tuesday in U.S. Bankruptcy Court, Westgate Mall owner Mark Pepitone is requesting Bon-Ton pay $2 million in fix and maintenance obligations at the department store.
Other stores in the region were not included.
In February, Bon-Ton announced it had filed for Chapter 11 bankruptcy protection and was seeking a possible buyer of assets. Sales also have consistently declined for the chain, co-headquartered in York and in Milwaukee. Reuters reported earlier this week that two mall owners, Washington Prime Group Inc. and Namdar Realty Group, have teamed up to try to buy the company.
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