While it's easy to feel a little sorry for the failed corporation that is Borders Books, this interesting inside look by Malnurtured Snay, a Borders employee, at his store's liquidation and the company's attitude and treatment of employees puts things into a more realistic perspective.
Not only does Snay help us not feel sorry for Borders, his documentation of the end of his career reminds us that many, many people are losing their jobs and helps reveal perhaps a bit of how the company got itself in this position and leaves one feeling like it's highly unlikely that Borders will be able to recover from its largely self-inflicted wounds.
1. Borders threatened to blacklist any employees that quit before they were fired.
"Borders is apparently threatening to blackball all employees at closing stores who end their employment before liquidation is complete."
2. Borders offered no severance package to those employees, despite the coerced employment.
"A lot of folks — good folks, people who’d been with the company for decades — found out they’ll be getting no severance pay."
3. Borders executives blame the low-level sales employees for the companies collapse and not their own corporate stewardship.
"...the company’s newly promoted 'Executive Vice President of Operations' said on a phone conference announcing store closures his belief that bankruptcy was not the result of poor decisions by said upper management, but on lack of effort from sales staff."