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Macy's Cutting About 2,300 Jobs »

Posted by: engineer 6 months, 2 weeks ago

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Department store operator Macy's Inc. said Wednesday it will cut about 2,300 management jobs as it consolidates three regional divisions and decentralizes buying in a bid to reduce costs and boost sales.

Read Full Story at biz.yahoo.com

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engineer6 months, 2 weeks ago

The Cincinnati-based retailer said it will immediately begin consolidating its Minneapolis-based Macy's North headquarters into its New York-based Macy's East, its St. Louis-based Macy's Midwest organization into its Atlanta-based Macy's South and its Seattle-based Macy's Northwest headquarters into its San Francisco-based Macy's West.
The consolidation of the office organizations expected to be completed in the second quarter of 2008 will affect 950 positions at Macy's North, 850 positions at Macy's Midwest and 750 positions at Macy's Northwest in Seattle.
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  GHOSTWHOWALKS6 months, 2 weeks ago
  
  The 850 that will lose their jobs is in ST. Louis and will effect the economy from as far away as Springfield Illinois.
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engineer6 months, 2 weeks ago

You're doin' a hell of a job Bushie!!!
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not2needy6 months, 2 weeks ago

They are cutting state jobs here, in homes for the mentally retarded and mentally ill. Can you believe that! Next i guess they will be turning them out in the street like they did during the Reagan era!
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texangelwings6 months, 2 weeks ago

Who was it that said, "for every action, there is an equal reaction"?
Businesses; pay low wages, raise prices, increase the number of foreign workers, outsource good jobs and lay workers off.
Reaction: People can't spend what they can't earn or are not paid.
Thanks engineer!
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  engineer6 months, 2 weeks ago
  
  Texasangelwings
  That is very astute!!
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    texangelwings6 months, 2 weeks ago
    
    Thanks engineer!
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  GHOSTWHOWALKS6 months, 2 weeks ago
  
  An equal and opposite reaction. :) However you are right no matter how it's phrased.
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    texangelwings6 months, 2 weeks ago
    
    Oops, Thanks, I knew it was something like that!..;)
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