What was actually told to the employees is this... The banks which are funding Norvergence believe in the product (it's a good product). After the temporary shut down last week, the banks convinced the company to file chapter 11 in order to protect their investments before moving forward. This also protects the customers from losing service while the funding situation is being worked through.
When any company files chapter 11 (re-organization), the courts then must review all payments before they are approved, including payroll. Once the company gets approval, all employees will receive what is owed them to date.
Unfortunately, all employees had to be sent home by state law until this takes place. The company will then re-organize internally and continue to service their customers.
We were told that we would be contacted about when we would receive our paychecks, not if. It is a frustrating situation for many who have not payed their bills yet this month, I am one of them. But I have faith that we will all recieve our checks very soon and I cannot stand by and watch people lie publicly about what has happened. Such negativity can only hinder our possibility of being called back to work.
Let's keep in mind that Norvergence pays it's employees twice as much as other tel-com companies by using high commission structures to motivate and reward. What other customer service reps and telemarketers do you know that are making $7000 a month?
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