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Article: Borders Group Further Reduces Corporate Workforce by 136 Positions as Expense Reduction Drive Continues.
- Article from:
- PR Newswire
- Article date:
- February 19, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ANN ARBOR, Mich., Feb. 19 /PRNewswire/ -- Borders Group today announced that it has reduced its corporate workforce by another 136 positions, which were eliminated effective today. The majority of the jobs, which represent about 12% of the corporate workforce but less than 1% of the company's total workforce, are based at the company's headquarters in Ann Arbor. The workforce reduction was spread across virtually all business areas, including marketing, human resources, field management and corporate sales. The reductions were made at various ranks, ranging from entry level to middle management. Affected employees are being offered transition pay, severance and job ...
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Article: Ann Arbor, Mich.-Based Borders' Profit Jumps 65 ...
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651 words
...Mar. 12--Borders Group Inc., the Ann Arbor based books and music retailer, reported a 65-percent ... 9 percent in 1996 compared with 21.4 percent in 1995. Borders Group includes 157 Borders superstores, and Waldenbooks, which ...
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