STARBUCKS AXES 600
February 22, 2008 -- Starbucks Corp. said it would cut 600 jobs and restructure operations as it seeks to reverse a decline in customer visits.
About 220 workers were fired, with other cuts coming from the elimination of open positions, Seattle-based Starbucks said yesterday in a statement. Starbucks, which employs more than 170,000, fell 43 cents, or 2.4 percent, to close at $17.83 in Nasdaq Stock Market composite trading.
About 220 workers were fired, with other cuts coming from the elimination of open positions, Seattle-based Starbucks said yesterday in a statement. Starbucks, which employs more than 170,000, fell 43 cents, or 2.4 percent, to close at $17.83 in Nasdaq Stock Market composite trading.
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