Paperwork filed with the New York State Department of Labor says the closing of some area Tops Markets will cost 277 jobs. That’s including the Lake Avenue and Winton Road stores in Rochester, the Perinton Store in Fairport and the store in Geneva that will close as part of Tops restructuring. The effective date is […]
A day after announcing it will close five Rochester-area stores, Tops Markets has filed its plan of reorganization to get out of bankruptcy. Tops says it has court-approved agreements with its employee unions and approval from a large majority of its secured lenders. A court hearing in the Southern District of New York will be […]
Tops Markets wants to pay its top five executives up to $3.6 million in bonuses, if the company beats its financial targets as it tries to get out of bankruptcy. According to the Buffalo News, Tops also proposes up to $3.5 million in additional bonuses to 115 key employees; both to give them incentives […]