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RadioShack Cutting 280 Jobs

Fort Worth, Texas, RadioShack Corp. is cutting about 280 jobs this month, primarily at the company's headquarters, according to a Securities and Exchange Commission filing Thursday.

The cuts will be made across all of its "various support functions," the company said, noting that the move is expected to generate annual pretax savings of about $30 million.

The company said that it expects to incur a pre-tax charge of about $8.5 million for one-time termination benefits as the result of the reductions.