February 4, 2009

Liz Claiborne To Layoff 8 Percent Of Workforce

Filed under: Retail,US — 7macaw @ 10:13 am
Tags: , , ,

Retailer Liz Claiborne announced Tuesday that it will eliminate 725 positions as part of a company-wide cost-cutting measure. That number makes up 8-percent of Claiborne’s US workforce, and affects all levels of the company. The cuts are expected to be completed by the end of the first quarter of 2009.

The layoffs come on top of the company’s previously announced closing of its distribution center in Mount Pocono, Pennsylvania and the suspension of merit pay increases for all employees.

Source: WCPO9

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