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Sears gets approval to pay $ 25.3 million bonuses to top performers after filing for insolvency



The US bankruptcy court on Friday announced he has approved Sears' request to pay up to $ 25.3 million bonuses to top executives and senior officials just months after the company filed an application for bankruptcy

. Based on Sears Holdings, it claims that it is necessary to give employees such a financial incentive to encourage them to stay in the company as it works for the recovery, although in the first three quarters of this year a loss of nearly $ 1.9 billion, "Under these circumstances, it would be understandable whether many key employees are asking if they should look for other opportunities," the court said in a November statement (19659002). However, the company "can not afford this uncertainty ̵

1; no matter how diffused iraema, maybe, "the report said.

The company's offer will offer bonuses to 19 employees up to $ 8.4 million in the next six months if the company succeeds in meeting certain financial goals.

Employees would also be entitled to more bonuses if the retailer is able to reach these financial goals when he reports that he has been forced to file Chapter 11 for bankruptcy, allowing him to restructure his finances after has not paid a payment of $ 134 million, which (19659008) (function (d, s, id) {
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