Yesterday I heard on the radio that the liquidation would throw about 10,000 people out of work. The liquidation will carry a large human cost as well as economic and will do nothing to lower the unemployment rate.Following Monday's announcement that the American bookstore chain Borders will close, Borders has confirmed it will submit a proposal from the liquidator consortium, led by Hilco and Gordon Brothers, to bankruptcy court on Thursday. According to Publishers Weekly, if the motion is approved, then going-out-of-business sales will begin "under a phased rollout," starting Friday and continuing until the end of September, when Borders expects to be completely out of .
Wednesday, July 20, 2011
Posted by Kevin McKeever at 9:00 AM