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$20 million fund set aside for laid-off Toys R Us workers

Nov 20, 2018 - Washington Post Blogs

Thousands of former Toys R Us workers will receive severance payments from a new $20 million fund.

The move is considered rare among private-equity-backed companies that file for bankruptcy. Even so, the amount pledged is well below the $75 million a workers rights group says those who lost their jobs are owed.

Bain Capital and Kohlberg Kravis Roberts announced Tuesday that each had committed $10 million to a fund for former Toys R Us workers. Bain and KKR are two of the three firms...