Books It’s Hard Out Here For a Bookseller
posted by on July 9 at 12:58 PM
Used Books Blog put up a post about Borders reorganizing their corporate plan. The post became an apparently much-needed place for Borders employees to collect and gripe about the changes the corporation made and how they affect them:
From the front lines, those “strategic alternatives” included getting rid of managers and supervisors, eliminating the employee gift card of $25/mo. for full time employees, eliminating time and a half for all employees working holidays and the thing that is guaranteed to save their rosy butts — charging employees 35 cents for tea and coffee that had been previously free.
Corporations are always so classy when they’re desperately trying not to go bankrupt.
What is it with the word "classy" on Slog today? It just oozes simmering snarky rage.
You just know Borders' executive team will continue to be able to travel via airline at a whim, burning away any budgetary gains by these ticky-tack maneuvers. Oh, corporate America, we love you.
While I might be a tad upset about losing the gift cards, charging for coffee would seriously piss me off. And I only drink 1 cup/day.
laterite, i dug up their financial statements and rest assured, they were only pulling in hundreds of thousands of dollars in salary and only hit millions after stock options were included. or roughly that for most executives.
I remember when Borders was one bookstore in Ann Arbor Michigan. Technically, it was two bookstores: the "good one" (used books, etc.) was "behind" the "main" store. Imagine that: Borders, an independent bookseller.
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