Reggie Bautista wrote:
> So the Hall family is basically taking a $90 million hit
> so that employees won't lose any money this year in their
> profit sharing accounts. (And this comes as Hallmark is
> trying to reduce headcount by attrition and lots of employees
> are hitting retirement age.) I'm hugely proud to be part
> of a company that cares enough about it's employees to do
> something like this. (On the other hand, it makes me
> wonder, if they can afford that kind of hit, just how much
> money does the Hall family have, anyway? :-) But at any rate,
> we hear so much bad news about the behavior of big companies,
> I thought I'd pass along this bit of good news.
I have questions about the employees.
What percentage of them actually work on making the cards?
Distribution? Clerks in stores? I imagine that last category sees a
*lot* of turnover. And I know of one Hallmark store that closed a
couple of years ago; are stores closing faster than new ones are being
opened this year, is it a wash, or will there be more stores at the end
of the year than at the beginning?
If you don't know the answers, that's fine, I'm just curious. And I'm
really happy for you that you have such a nice employer who has such
concern for the employees. (And I'm glad you're grateful -- I've seen
an instance of a small company trying to get the best benefits it
possibly could for its employees, surprising the companies through which
they were securing the benefits, only to have some of the employees
grumbling at some point about how crappy they were.)
Julia
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