According to an internal memo obtained by the Omaha World-Herald, many Cabela’s employees have until March 1 to accept a buyout offer from Bass Pro Shops. Who gets the offer? Sidney, Nebraska-based employees who are over 50 years old, with a minimum of one decade of service, are being offering two weeks of severance pay for each year of service, in addition to a $40,000 bonus to accept.
Younger employees with less than a decade of service are being offered the same severance pay, plus a $20,000 bonus for departure.
Meanwhile, At least 19 management level employees at Cabela’s have been laid off in recent weeks. Bass Pro Shops isn’t releasing official figures, but does confirm that they are “adjusting staffing” at Cabela’s stores across the country.
“Many of the outfitters impacted received promotions to other management roles, while some were eliminated,” Bass Pro Shops Communications Manager Katie Mitchell told FTR. “Ultimately, this adjustment will increase the overall headcount of team members.”
The strike: At one time, Cabela’s employed about 2,000 people in the 6,800-person town of Sidney. That number is already under 1,000 and will be falling in the wake of this week’s buyout offers.
(as reported in Tackle Trade Retailer)