We have developing news regarding a major retailer here in Billings. Sources told KULR-8's Leah Jordan that a major buyout is coming regarding Cabela's.
Several employees expressed concern about what the looming buyout means for the future. Management confirmed to employees Monday that Bass Pro Shops will buy out Cabela's, according to an anonymous staff member.
The sources said the deal was finalized Nov. 9, and the formal take-over will be Jan. 1, 2016.
One employee agreed to speak with KULR-8 on camera under the condition that we protect their identity.
"The manager had told her that her job was going to basically be over come Jan 1. Several other people were commenting on it, and as I was leaving work another employee was talking to a department manager. So I stopped and caught the tail end of their conversation, so I approached him and said, 'so this is true? We are being bought out and we are not going to have jobs?' He said, 'I don't know whether they will keep anyone, I don't know if the store will stay open or what their plans are.' I said, 'well, is the January 1st deadline true?' And he said, 'yes,'" the anonymous employee said.
The employee told us management was specifically instructed not to disclose the deal involving Bass Pro Shops.
Full story http://www.kulr8.com/story/30496958/cabelas-employees-say-managers-confirm-store-will-close-jan-1
Several employees expressed concern about what the looming buyout means for the future. Management confirmed to employees Monday that Bass Pro Shops will buy out Cabela's, according to an anonymous staff member.
The sources said the deal was finalized Nov. 9, and the formal take-over will be Jan. 1, 2016.
One employee agreed to speak with KULR-8 on camera under the condition that we protect their identity.
"The manager had told her that her job was going to basically be over come Jan 1. Several other people were commenting on it, and as I was leaving work another employee was talking to a department manager. So I stopped and caught the tail end of their conversation, so I approached him and said, 'so this is true? We are being bought out and we are not going to have jobs?' He said, 'I don't know whether they will keep anyone, I don't know if the store will stay open or what their plans are.' I said, 'well, is the January 1st deadline true?' And he said, 'yes,'" the anonymous employee said.
The employee told us management was specifically instructed not to disclose the deal involving Bass Pro Shops.
Full story http://www.kulr8.com/story/30496958/cabelas-employees-say-managers-confirm-store-will-close-jan-1
