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