American Fiber & Yarn

★☆☆☆☆
  • 55 Vilcom Center Dr 300

    Chapel Hill, NC 27514

    Map & Directions
  • 919-969-4300

About American Fiber & Yarn

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Company went bankrupt-holds meetings with employees telling u the judge will never approve severance or the remaining vacation we have earned. Well Jake Mays Roger Morelock and Tom Jeffries all stand to benifit greatly if the company sells its assets for what it owes the banks, 50k 30k and 20k with up to 130k for jake if they are sold for more than what the bank is owed. Also 8 other employees get severance packages totalling 212,500 just so theywill stay with thecompany througout the bankruptcy, judge approved that, never asked forseverance for the other300 employees or at least their vacation. So if they sell assests for 4 million more than they owe the back good oldJake gets 130k, well 4 million divided by 300 employees would go a long way it seems. So 8 people get severance just for staying, these are all people who already make a large amount of money, but nothing for the rest of us. Some lose 100 hours vacation, but thats ok as long as Jake Roger Tom Lisa Robert1 and 2and the others get their money. Some people have worked nearly 30 years hearand don't even get a weeks pay.Not because the judge denied it, which he mayhave, but it wasn't asked for.We were told thejudge denied it, btu beingpubluc knowledge many people have lookedit up. We have been lied torepeatedly duringtheprocess. PLant managersget severence. HR manager gets it, hr person at the one plant get its. IT manager gets it.Jake Roger and TOm should be ashamed ofthemselves it isbecause of them the place went under,Jake for CFO before taking over for CEO Mike Apperson, who saw what was coming and got the heck out of here ebfore his name went with it. Roger is a pure ignorat ma, who took over bainbridge a year or so ago and ran it into te ground. Good work Roger, enjoy your bonus.

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★☆☆☆☆

Company went bankrupt-holds meetings with employees telling u the judge will never approve severance or the remaining vacation we have earned. Well Jake Mays Roger Morelock and Tom Jeffries all stand to benifit greatly if the company sells its assets for what it owes the banks, 50k 30k and 20k with up to 130k for jake if they are sold for more than what the bank is owed. Also 8 other employees get severance packages totalling 212,500 just so theywill stay with thecompany througout the bankruptcy, judge approved that, never asked forseverance for the other300 employees or at least their vacation. So if they sell assests for 4 million more than they owe the back good oldJake gets 130k, well 4 million divided by 300 employees would go a long way it seems. So 8 people get severance just for staying, these are all people who already make a large amount of money, but nothing for the rest of us. Some lose 100 hours vacation, but thats ok as long as Jake Roger Tom Lisa Robert1 and 2and the others get their money. Some people have worked nearly 30 years hearand don't even get a weeks pay.Not because the judge denied it, which he mayhave, but it wasn't asked for.We were told thejudge denied it, btu beingpubluc knowledge many people have lookedit up. We have been lied torepeatedly duringtheprocess. PLant managersget severence. HR manager gets it, hr person at the one plant get its. IT manager gets it.Jake Roger and TOm should be ashamed ofthemselves it isbecause of them the place went under,Jake for CFO before taking over for CEO Mike Apperson, who saw what was coming and got the heck out of here ebfore his name went with it. Roger is a pure ignorat ma, who took over bainbridge a year or so ago and ran it into te ground. Good work Roger, enjoy your bonus.

Pros: none

Cons: don't care for employee's

 

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