QVC promises business as usual at Northeast Tennessee center while filing for bankruptcy

Workers at an HSN fulfillment center in Piney Flats will receive paychecks and benefits as normal while their parent company files for voluntary Chapter 11 bankruptcy protection.

Once a global leader in live TV shopping, QVC reported $5 billion dollars of debt as part of its annual report and saw stock share prices plummet to $3.74 in February.

“There are no planned layoffs or furloughs in connection with the financial restructuring process, and all team members should fully expect to continue receiving their wages and benefits without interruption,” QVC leaders said in a prepared statement.

A Stock Exchange report showed QVC was trading at 84 cents a share this week. The company statement also said they plan to emerge from bankruptcy this summer. 

A company fulfillment center in Greeneville, Tennessee was closed in 2020 as part of consolidation plan.

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