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In tight situations, if the biggest collector served the legal documents, I'm sure bankruptcy would have been the case. For now, there's no proof they are going bankrupt.
Are they going thru a tough time, sure they are, esp. when there are 4 threads with ex employees voicing their concerns.
1) Shedding all real estate... DUH... happens all the time, which is why they closed Toronto. All the "retail" stores are more like pick up locations. Real estate is expensive = close down.
2) Customer Service non-existent, of course...any department with zero or huge revenue generating purposes = laid off.
Think about it. Average ~$60k per employee (salary & benefits) X 50 employees. That's $3 million dollars a year!!!! just for employees... (don't get me started on 3.5% raises per yr on yearly raises for inflation)
as to aalex's comment... errrrr, it's holiday season, like any other retail during Xmas, blakc friday time period at the malls... people get laid off after the rush is over... pretty common practice.... (target, amazon, Best buy, Nordstrom etc)
*not an employee or ex-employee of NCIX
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