Stripers absence not expected to have major impact on Waterside, expert says

It’s been a couple days since employees at Stripers restaurant in Norfolk’s Waterside District were told the business would be closing with little-to-no information about when they would be paid.

It’s still unclear as to why Stripers closed or if the closure is only temporary.

“They just let us go with nothing,” one employee told News 3 earlier in the week.

Watch: Management issues, ‘possible malfeasance’ played role in Stripers Waterside closure

Management issues, ‘possible malfeasance’ played role in Stripers closure

Others said they are distraught.

Dr. Rik Chakraborti, an assistant professor of economics at Christopher Newport University in Newport News, said not knowing the exact cause of the business’s closure makes it difficult to determine what will be the precise impacts.

Chakraborti said if the closure is permanent, the employees will be able to find new jobs.

“This is not really a labor market where we have a lot of surplus, so there is demand for workers,” he told News 3’s Jay Greene. “People will be able to find jobs pretty quickly. There’s also a lot of flourishing businesses around.”

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