Cabela’s headquarters employees receive buyout offers
SIDNEY, Neb. (AP) — The remaining employees at Cabela’s former headquarters in western Nebraska have received buyout offers.
The Omaha World-Herald reports Bass Pro Shops delivered the offers to Cabela’s employees in Sidney, Nebraska, last week, but it’s not clear how many positions will be eliminated.
Bass Pro bought Cabela’s in a $5 billion deal last year. Officials pledged to maintain significant operations in Sidney but kept the headquarters in Springfield, Missouri.
A letter outlining the buyout offer that the World-Herald obtained says Cabela’s employees who are over 50 years old and worked for the company at least 10 years can receive bonuses up to $40,000 on top of two weeks of severance pay for every year of service.
Longtime employees are also being offered lifetime discount cards for Bass Pro and Cabela’s stores.
Information from: Omaha World-Herald, http://www.omaha.com