huskyvacs
Well-known member
Shop Vac did not warn the employees because everything was all set up so that once the buyout happened, things would continue as normal. They gave the employees notice of the buyout and the plans to sell, and what the plan was going forward. Remember, Shop Vac only has 1,700 employees WORLDWIDE, thats less than an elementary school class roster. It was like a family. The buyer just abruptly canceled the deal at the very last possible second, leaving them stuck without any recourse.
From a local newspaper serving Northcentral PA;
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Williamsport, Pa.
Sept. 15, 2020
The Shop-Vac Corporation will be closing. The company, which has over 1,700 employees worldwide, informed staff members this morning.
According to multiple sources, most of the employees lost their job today and a few administrative-level employees will remain through the end of the week. Not only were the employees informed they had lost their jobs, according to multiple employees who chose to remain anonymous, but they were also informed their insurance and benefits were terminated.
“We regret that we were unable to provide you with more notice. The current global pandemic and economic crisis has left the Company in dire financial conditions. The Company accordingly had been negotiating the sale of the business as a going concern, which, if such sale has been completed, would have enabled us to stay in business and continue the employment of employees. We fully anticipated the sale to be completed and for the buyer to hire all employees,” stated a letter SHOP-VAC provided to its employees in accordance with the Worker Adjustment and Retraining Notification Act.
“Unfortunately, the buyer without warning walked away from the deal. This unforeseeable business circumstance has left us with no choice but to close our facilities.”
The SHOP-VAC facility at 2323 Reach Road in Williamsport has over 400 employees, all of whom will be losing their jobs as a result of the closure.
SHOP-VAC Corp. is well-known for pioneering the concept of the wet/dry vacuum cleaner.
https://www.northcentralpa.com/busi...cle_22df06ee-f77a-11ea-b643-0bc122c9e71c.html

From a local newspaper serving Northcentral PA;
----------------------------------
Williamsport, Pa.
Sept. 15, 2020
The Shop-Vac Corporation will be closing. The company, which has over 1,700 employees worldwide, informed staff members this morning.
According to multiple sources, most of the employees lost their job today and a few administrative-level employees will remain through the end of the week. Not only were the employees informed they had lost their jobs, according to multiple employees who chose to remain anonymous, but they were also informed their insurance and benefits were terminated.
“We regret that we were unable to provide you with more notice. The current global pandemic and economic crisis has left the Company in dire financial conditions. The Company accordingly had been negotiating the sale of the business as a going concern, which, if such sale has been completed, would have enabled us to stay in business and continue the employment of employees. We fully anticipated the sale to be completed and for the buyer to hire all employees,” stated a letter SHOP-VAC provided to its employees in accordance with the Worker Adjustment and Retraining Notification Act.
“Unfortunately, the buyer without warning walked away from the deal. This unforeseeable business circumstance has left us with no choice but to close our facilities.”
The SHOP-VAC facility at 2323 Reach Road in Williamsport has over 400 employees, all of whom will be losing their jobs as a result of the closure.
SHOP-VAC Corp. is well-known for pioneering the concept of the wet/dry vacuum cleaner.
https://www.northcentralpa.com/busi...cle_22df06ee-f77a-11ea-b643-0bc122c9e71c.html
