Radio Shack e-mail to employees: We love you! You’re fired

(via Slashdot)

OK, the truth is, Radio Shack didn’t even bother saying “We love you!”  Company representatives just sent email to roughly 400 employees just carried the bad news.

RadioShack Corp. notified about 400 workers by e-mail that they were being dismissed immediately as part of planned job cuts.

Employees at the Fort Worth headquarters got messages Tuesday morning saying: “The work force reduction notification is currently in progress. Unfortunately your position is one that has been eliminated.”

. . .

Laid-off workers got one to three weeks pay for each year of service, up to 16 weeks for hourly employees and 36 weeks for those with base bay of at least $90,000, the company said

And here’s the real kicker for me.  How does the stock market react to inhuman treatment of capital resources?

Shares of RadioShack rose 29 cents, or 1.6 percent, to close at $18.21 Wednesday on the New York Stock Exchange.


[tags]Radio Shack fires 400+ via email, How to tell employees you really love them[/tags]