The Sudden End of Party City: A Trip Gone Wrong

ChinaTue Jan 07 2025
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This: six Party City employees hop on a plane to China to meet with suppliers. But their trip is cut short after just two days. Why? Because Party City was about to go bankrupt – again. This wasn't their first rodeo. They had been through bankruptcy before and came back swinging. But this time, it was different. The company was in deep trouble, and employees were left in the dark. The team was supposed to be in China for 12 days. Their job was to meet with vendors who make everything from balloons to Halloween decorations. But on the third day, they got an email. It was from a senior leader in the US, telling them to pack up and go home. Party City hadn't paid its suppliers in full, and things were about to get ugly. The employees were stunned. They demanded answers, but none were forthcoming. They were told to change their flights and head home. The company paid for their tickets, but the employees had to figure out the rest on their own. They were left to navigate a sensitive situation with vendors who hadn't been paid. It was a mess. Back in the US, things were just as chaotic. Employees were told to work from home for the rest of the year. No explanations were given. Then, on December 20, the bomb dropped. Party City announced it was filing for bankruptcy and liquidating. Hundreds of corporate staff were laid off immediately. The party was over. Employees were blindsided. They felt betrayed and abandoned. They were given no notice of termination, and some weren't paid after their termination date. Now, they're suing. They want compensation, but more than that, they want answers. They want to know why they were kept in the dark as their company crumbled around them.
https://localnews.ai/article/the-sudden-end-of-party-city-a-trip-gone-wrong-4caa2493

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