Open Gate Capital aquired my company Pennysaver USA 1 1/2 years ago. It had been in business 50 years. I worked the for a little over 4. Throughout the first year they started to liquidate assets selling property and equipment. They cut salaries. All in the name to make us more efficient. On Friday May 21,2015 they fired all employees. close to 800. They didn't provide use with any notice. Just escorted everyone out of the building. CA has a Warn act which states we should've been giving a 60 day notice. The worst part is they issued us paychecks which are still NSF to date. It was for 1 weeks pay. No accrued vacation or severance. This company has acquired and liquidated like this at least 3 times from the research I've found. If they buy you start looking for a job because they won't pay you!
OpenGate Capital Reviews
Open Gate Capital aquired my company Pennysaver USA 1 1/2 years ago. It had been in business 50 years. I worked the for a little over 4. Throughout the first year they started to liquidate assets selling property and equipment. They cut salaries. All in the name to make us more efficient. On Friday May 21,2015 they fired all employees. close to 800. They didn't provide use with any notice. Just escorted everyone out of the building. CA has a Warn act which states we should've been giving a 60 day notice. The worst part is they issued us paychecks which are still NSF to date. It was for 1 weeks pay. No accrued vacation or severance. This company has acquired and liquidated like this at least 3 times from the research I've found. If they buy you start looking for a job because they won't pay you!