SFX set to terminate 50 NYC employees
The restructuring process marches on
As SFX continues to navigate restructuring of the company after filing for Chapter 11 bankruptcy, more dismal news arrives for the company, this time for employees.
Thanks to a 90-day forewarning enforced by the New York State Worker Adjustment and Retraining Notification Act, SFX shared that it estimates 50 New York employees will be terminated in July as part of the restructuring.
SFX has not explained if employees in other territories will be affected in the coming 90 days as well.
[Via: Billboard]
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