The remaining employees at Cabela’s former headquarters in Sidney, Nebraska, have until March 1 to accept their severance packages, which were offered in a letter to employees last week.
As reported by Omaha World-Herald, Bass Pro Shops has begun the clearing out process at Cabela’s home office, and the surrounding area of Nebraska is already feeling the repercussions.
“This will be a mass exodus in Sidney,” one headquarter’s employee was reported saying.
According to the article, employees working at the Sidney location who are over 50 years old, with a minimum of 10 years working with the company, would get 2 weeks of severance pay for each year of service, plus a $40,000 bonus, should they accept the offer. They also get a lifetime discount card to Bass Pro and Cabela’s stores.
Any employee who is under 50 years of age or fewer than 10 years with the company received a severance offer and a $20,000 bonus, plus discounts for the next 10 years.
“These voluntary programs, which will expire March 1, 2018, are above and beyond what Outfitters will receive in future severance programs,” the letter stated, referring to Cabela’s employees.
It’s a sad reality that so many fantastic Cabela’s employees are losing their jobs in this purchase by Bass Pro Shops, but credit must be given to Bass Pro Shops Owner Johnny Morris. It appears he’s doing everything in his power to provide departing workers substantial severance packages.