Office Depot Plans to Cut 900 Jobs

[leftchick]

http://www.forbes.com/technology/ebusiness/feeds/ap/2004/10/31/ap1622936.html


~snip~

Office Depot Inc. plans to cut 900 jobs as it consolidates operations at eight call centers and offices in six states.

In a filing with the Securities and Exchange Commission, Office Depot - the nation's second-largest office supply retailer - said three of the facilities will close. The cuts were estimated to generate $15 million in annual savings.

Some operations will move to call centers located in Boca Raton and Norcross, Ga., the company said, affecting offices in California, Connecticut, Georgia, Kansas, Ohio and Texas.

~snip~
The announcement comes shortly after third-quarter earnings fell nearly 2 percent as back-to-school and European sales were weaker than expected, and follows Bruce Nelson's resignation as chairman and CEO. His temporary replacement, Neil Austrian, has said a lack of "execution and focus" plagued the company.

[saigon68]

1. We are on the "CUSP" of a recovery

remember that next Tuesday.

[lanparty]

2. After they "consolidate" ...

After they're done consolidating, they'll ship those jobs over to India!!!

[mountainvue]

3. How much do you want to

bet some of those call center jobs end up being outsourced?

[UpInArms]

4. kick

:kick:

Watching our economy sink into oblivion is so sad. :(