Raleigh television station WRAL reports that dozens of workers were blocked Wednesday as they reported for work. An unidentified company spokeswoman said the employees’ 401(k) loans were being scrutinized for possible irregularities. She declined to say how many workers were involved.
The workers told WRAL News they had been put on unpaid leave.
According to the news report, employees received
letters instructing them to schedule a meeting with a
company loss prevention specialist and HR representative
to prove their loans, already paid by Fidelity
Investments, were legitimate. “Failure to set up a
meeting will indicate your decision to voluntarily resign
from the company,” the letter stated.
Workers indicated they had been forced to tap into their retirement plans because the company has imposed a salary freeze, cut back on overtime and hours, and started paying employees bi-weekly, instead of weekly.
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