Rite Aid, the drugstore chain that filed for bankruptcy late last year to seek relief from mass opioid-related lawsuits, is delaying severance payments to employees who were laid off, WSJ Pro Bankruptcy reported. The email sent on Thursday said that Rite Aid has made “difficult decisions” over the course of its restructuring, including store closures and reductions in force, and that the company “must now take another difficult action to further preserve cash in the short-term.” The Philadelphia-based company said in a statement Friday that “we have resolved the matter and are resuming severance payments.” “Those who were impacted are being notified and can expect to receive their payments by the middle of next week,” the company said.
