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Redbox's owner files for bankruptcy after repeatedly missing payments and payroll

The Verge LogoThe Verge4d ago

Redbox's owner files for bankruptcy after repeatedly missing payments and payroll - The Verge

Quick Summary:

The company also promised to reinstate health insurance for his employees, which had lapsed in May.

The company also owes money to its landlords, the vendor it rents its car fleet from, and others.

It’s a pressing matter for the company, as employees have been waiting for paychecks since June 21st.

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Redbox's owner files for bankruptcy after repeatedly missing payments and payroll - The Verge (Picture 1)Redbox's owner files for bankruptcy after repeatedly missing payments and payroll - The Verge (Picture 2)Redbox's owner files for bankruptcy after repeatedly missing payments and payroll - The Verge (Picture 3)Redbox's owner files for bankruptcy after repeatedly missing payments and payroll - The Verge (Picture 4)

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Article Details

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-29 @ 15:09:03 (4 days ago)

News Timezone: GMT -5:00

News Source URL: theverge.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Verge

News ID: 21420317

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News Last Updated: 13 hours ago

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  • URL: https://beamstart.com/news/redboxs-owner-files-for-bankruptcy-17197226174298

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