Benco let’s 40 inside people go today

Plus the 15 sales rep they let go on Monday of this week.
What is going on??

 

where’s the guy who said that laying off TRs on Monday wasn’t a positive harbinger of things to come. What you got now man? This is EXACTLY a positive harbinger of things to come.

 

How is it positive? Letting people go is positive? Crazy we're didn't learn from Patterson. Rable of course spun this differently today. Wonder what the truth is to how many inside and outside were actually let go

 

Just look at the long list of people in the weekly update. It’s frightening.

 

i think positive meant it wasn’t confirmed by this poster. Like its not a confirmed harbinger of things to come

 

This is the beginning of the end. Benco and Patterson not Schein are going to get hammered with these fines. I predicted this over a year ago.

 

What fines? In reading things there wasn't any mention of fines.

 

Below are the lawsuits I am aware of. They began around 2012-2013
Service Techs sue for not getting paid for over 40 hours when they were salary
TDA Texas Dental Association
SourceOne Dental
Schein had one with Archer & White not sure if Benco was involved in that one.
Then the one out of New York for price fixing. Settlement 13.2 million.
FTC
IQ Dental
Millions in attorney fees for Benco.
Arizona Attorney General
Maybe something with Wisconsin Dental Association.

 

This is just the beginning. States where Benco did a lot of business like the East Coast will now jump in with their lawsuits. Easy money for them.

 

This is just the beginning. They could only fire so many due to the WARN act.

Worker Adjustment and Retraining Notification, or WARN, Act. It requires employers to give workers 60 days’ notice before laying off at least 50 employees or a third of its workforce in a 30-day period.

get ready for another round in 30 days!!!

 

Inside knowledge?

 

Sounds like speculation, the WARN Policy doesn’t quite work like that.
https://www.doleta.gov/programs/factsht/WARN_Fact_Sheet_updated_03.06.2019.pdf

 

Benco got super lucky going against the Federal Govt. Chuck better be on his knees because they had a ton of evidence against him but he is probably jumping around claiming he is “Rocky”. Chuck should be demoted by Larry and giving a job at the warehouse so he can learn what a real job is all about.

 

If you believe Chuck when he said Benco won the FTC case, I have a bridge I can sell you in Brooklyn (and I'll throw in Benco Select so you can get free shipping on that). READ THE FTC order which is posted for public reading enjoyment. https://www.ftc.gov/enforcement/cases-proceedings/151-0190/bencoscheinpatterson-matter Here's the summary: Team posting tells us FtC is done. FTC order is October 16th. Mass layoff occurs October 18th. Because Benco won??? Whaddaya think? Here's a helpful tip- If Chuck's lips are moving, he is lying. Other TRs are moving on and so am I. Writing is on the wall.

 

Yep. It’s no coinkidink that the lay offs happened right after. Word is that the options were:
1. FTC shuts down Benco
2. Benco settles
So Chuck chosen option 2. They settled to save the company and then had to lay people off to recoup some of the legal fees they’ve incurred and the settlement fees. not conjecture. This is what happened.

 

39 layoffs out of approx 1500 employees. Less than 3%. I'm not sure I would call that a mass layoff.

 

For a company that has never done anything like that it’s a big layoff.

 

FTC was not going to shut down Benco. Don’t try and make Chuck a big hero. He is looking out for himself and his family only.

 

Nope there were more in 08

 

how many then? Do you think there’s another round coming?