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Laid-off Sears workers push for hardship fund

January 10, 2019 / Valerie Bolden-Barrett

As Sears Holding Corp. faces possible liquidation, its workers are pushing for severance pay in the form of a hardship fund, NBCNews reported. The giant retailer's approximately 68,000 employees hope to be as successful as Toys R Us workers, who won $20 million in severance pay from the bankrupt company. Sears’ laid-off workers want one week’s pay for each year of service. Sears, one of several retailers to file for bankruptcy in the past year, is considering a takeover bid from Chairman Edward Lampert to hold off a liquidation that would close down the company. Lampert submitted a revised proposal on Jan. 10 that included funds to cover additional severance costs, Retail Dive reported.