Advertising newsletter PennySaver abruptly shut down
State to investigate PennySaver closure; did company violate labor laws? May 26, 2015 Updated May 27, 2015 10:48 a.m. View slideshow PennySaver employees showed up to the Brea offices Tuesday to get more information about the layoffs. PennySaver abruptly shut down: Seeks new financing or owner to reopen PennySaver lays off workers, shuts down after more than 50 years The PennySaver, an advertising newsletter that was a fixture in Southern California mailboxes for decades, is going out of business. A state agency is investigating whether PennySaver violated labor law by laying off 678 employees without notice when it abruptly closed down its operations Friday, the office of California’s Labor Commissioner said Tuesday afternoon. At about the same time, company executives gathered about 200 of their erstwhile employees in a printing press room of the now-shuttered coupon magazine’s Brea headquarters to tell them they w...