News and blog

Toys “R” Us employees visit KKR, Bain Capital, Vornado offices, draw media attention

June 12, 2018

Last Monday, dozens of Toys “R” Us employees from around the country visited KKR, Bain Capital, and Vornado’s offices in New York City.

Private equity firms KKR and Bain Capital and real estate firm Vornado took $464 million in fees and interest from retailer Toys “R” Us before taking the company into bankruptcy.  Toys “R” Us is in the process of liquidating and laying off 33,000 employees.

In addition, Senators and Congressmen from New Jersey, where Toys “R” Us is headquartered, sent a letter to KKR, Bain Capital, and Vornado and held a press conference calling on the private equity firms to pay a fair severance to Toys “R” Us employees.

Media coverage

CNBC, June 4, 2018: “Toys R Us employees fight for severance pay”

CNN, June 4, 2018: “Toys ‘R’ Us employees protest lack of severance pay”

CBS News, June 4, 2018: “Toys ‘R’ Us workers take pay demands to Wall Street”

The Nation, June 5, 2018: “Toys ‘R’ Us Workers Take on Private-Equity Barons: ‘You Ought to Be Ashamed’”

Consumer Affairs, June 5, 2018: “Toys ‘R’ Us employees protest lack of severance pay”

Bloomberg, June 6, 2018: “Tears ‘R’ Us: The World’s Biggest Toy Store Didn’t Have to Die”

NJ Star Ledger editorial, June 8, 2018: “Toys R Us employees deserve a severance from greedy Wall Street profiteers”

WYTV ABC 33 (Ohio), June 8, 2018: “Toys R Us employees fighting for severance pay after store is set to close”

Global Toy News, June 6, 2018: “Former Toys R Us Employees Protest in Manhattan for Severance”

Washington Post, June 1, 2018: “‘How can they walk away with millions and leave workers with zero?’: Toys R Us workers say they deserve severance”

Philadelphia Business Journal, June 4, 2018: “Laid-off Toys R Us employees rally for severance pay at New Jersey store”

ABC7 NY: “Toys R Us employees rally for severance at store in New Jersey”

WNYC, June 3, 2018: “Laid-off Toys ‘R’ Us Employees Protest for Severance”

News12 New Jersey, June 3, 2018: “Toys R Us workers stage store takeover to protest lack of severance”

CBS Philly, June 3, 2018: “Toys ‘R’ Us Employees Rally For Severance Pay In North Jersey”

June 1, 2018 Letter from US Senators Cory Booker and Robert Menendez, Rep. Bill Pascrell, June 1, 2018: “Senators, congressman blast the way Toys R Us workers were treated, demand severance pay”, June 2, 2018: “Corporate raiders ruined lives as they destroyed Toys ‘R’ Us, politicians say”

ROI NJ, June 1, 2018: “In wake of Toys R Us closure, lawmakers take aim at private equity firms”, June 2, 2018: “Federal Reps Demand Severance Pay For 33,000 Toys R Us Workers”

New Jersey 101.5, June 3, 2018: “North Jersey Toys R Us workers ‘takeover’ store for severance pay”

WGBO, June 1, 2018: “Toys R Us Employees Protest For Severance Pay”

The Mercury News, June 1, 2018: “‘This is Wall Street greed.’ Toys R Us workers fight back”

News12 New Jersey, June 1, 2018: “Toys R Us workers fight for severance as company shuts down”

NBC New York, June 1, 2018: “Toys R Us Layoffs Draw the Attention of New Jersey Senators, Congressman”

NBC Editorial, May 25, 2018: “The Toys R Us bankruptcy is what happens when Wall Street puts profits before people”

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