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Warren, Ocasio-Cortez Press Shopko’s Owner on Severance Pay (1)

July 19, 2019, 4:18 PMUpdated: July 19, 2019, 5:35 PM

Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez are asking executives at Sun Capital Partners Inc., the private equity firm that owned department store Shopko until its liquidation this year, to explain what they’re doing about severance pay for workers who lost their jobs.

In a letter sent July 19 to co-Chief Executive Officers Marc Leder and Rodger Krouse, the lawmakers asked whether Sun Capital is breaking its promise to provide the extra pay. The two Democrats sought copies of documents Shopko Stores Inc. distributed to employees earlier this year promising retention or severance pay for those who continued to work ...