Best Buy to lay off 250 headquarters workers
ATLANTA, Feb. 19, 2009 (Reuters) — Best Buy Co Inc
Related Topics
after you read this there will be one less of them. One more of us.
leftsolutions.wordpress.com/
It is time to start your own busine Take action, little inv. Free tour
www.clamarinternational.com
Felt World Was Ending-Now Work From Home, Make More, Have Time w/Kids
financialfreedomforlife.com
Warning! Want Government Grants? Read This Warning Before Applying
GovernmentGrantFinder.net
But the top U.S. specialty electronics retailer added it will also create 210 new posts the idled workers could take, for a net loss of 40 jobs.
The retailer said last month that involuntary layoffs would be necessary after about 500 of its slightly less than 4,000 headquarters workers accepted voluntary exit packages that provided 7.5 months severance for the average non-managerial corporate staffer.
"The voluntary program was a success as it significantly reduced the number of necessary involuntary reductions," Best Buy spokeswoman Sue Busch Nehring said in an email.
Workers who took the voluntary separation packages left the company on February 12, she said. Workers affected by the involuntary layoffs will remain employed for 30 days.
Busch Nehring said Best Buy, which has expanded mobile phone shops in recent months, was retooling its U.S. stores to deliver "a more intuitive, customer-focused shopping experience."
Store changes are designed to shift labor dollars to where customers are, she added.
The retailer's sales have come under pressure as consumers cut back during the recession. Sales at stores open at least 14 months, or same-store sales, fell 6.5 percent in December.
Best Buy shares rose 17 cents to close at $27.89 on the New York Stock Exchange on Thursday.
<< Home