Senator Brown Has Questions For Pittman
Brown’s letter to Pittman reads, in part, “I am particularly concerned about these layoffs in light of additional news reports that the company significantly increased executive compensation the year before entering bankruptcy and have since asked the bankruptcy judge to approve more executive bonus pay. It’s hard to understand why it is in the long-term interest of the company to significantly increase executive compensation while making significant job cuts.”
Brown then submitted four questions to Pittman to answer — 1) How many workers were affected by iHeartMedia’s recent layoff announcement? Of those workers, how many are in Ohio? 2) Please provide details about the severance provided, including whether it includes severance pay and if so, how much and whether it includes healthcare benefits, and if so, for how long. 3) Is the company giving affected workers priority consideration in the hiring process for any currently open positions in the company? 4) Is the company offering or paying for any training affected workers might seek to help them find new employment? Please provide written responses to these questions by February 14th.” Now we wait…