Office Depot Plans to Cut 900 Jobs

[UpInArms]

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

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.

...more...

[liberalnurse]

1. Hanging on until after the election......

Then, no matter who wins....the floor is going to cave-in with the job market.

[nolabels]

2. Consolidating the call centers (overseas, India maybe?)

US worker productivity keeps on rising too, wonder how all that works?

Must be the hokus-pokus voodoo economics combined with the fuzzy math economics of the "W" :wtf:

[Moderator]

3. Duplicate

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=948549