L.A. advertising newsletter PennySaver shuts down; hundreds lose their jobs
Source: Los Angeles Times
The PennySaver, an advertising newsletter that was a fixture in Southern California mailboxes for decades, is going out of business.
Employees said they were told late Friday that the company was ceasing operations immediately, without warning or further explanation.
“They said, ‘That’s it. We’re done. We’re closing. Everybody pack up your things and leave,'” said one employee, who asked that her name not be published because she was unauthorized by the company to talk to the news media.
... Employees said they were not given their final paychecks and were not told how to extend their healthcare coverage.
Read more: http://www.latimes.com/business/la-fi-pennysaver-suddenly-shuts-down-hundreds-lose-jobs-20150524-story.html
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