News

Federated Warns of Layoffs

BY CSA STAFF

Cincinnati, Federated Department Stores has started warning employees that thousands of layoffs are likely this spring because of store closings, according to a report in Wednesday’s The Enquirer. The company already has indicated to shareholders and employees that up to 6,200 workers might be laid off as the result of a $17 billion takeover of May Department Stores Co. last year.

The retailer, which operates 950 stores, plans to close 78 duplicative stores in 19 states.

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News

Liz Claiborne CEO to Retire

BY CSA STAFF

New York City, Liz Claiborne Inc. announced on Tuesday that Paul Charron, chairman and CEO, plans to retire at the end of 2006, when his current contract expires.

Charron, 63, has served as CEO since 1995 and chairman since 1996. The company said it would consider both internal and external candidates to fill the position. Charron joined Liz Claiborne in 1994 as vice chairman, COO and a director.

Liz Claiborne also announced that executive VP Trudy Sullivan has been named president. Sullivan joined the firm in 2001. Previously, she had been president of J. Crew.

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SUPPLY CHAIN

Stop & Shop to Lay Off 850 Workers

BY CSA STAFF

Quincy, Mass., Stop & Shop Supermarket Co., a unit of Dutch grocer Ahold Ltd., said it would close its distribution facility in North Haven, Conn., by mid-2006, resulting in the loss of about 850 jobs. Distribution of products currently handled by the facility will be shifted to the company’s distribution center in Freetown, Mass., and to a third-party supplier, the company said.

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S.Gacho says:
Mar-29-2013 02:08 pm

It is very bad news to lay
It is very bad news to lay off workers. The families of the workers are really the ones most affected. The company lay off workers because they have financial problem. - Aldo Todini

S.Gacho says:
Mar-29-2013 02:08 pm

It is very bad news to lay off workers. The families of the workers are really the ones most affected. The company lay off workers because they have financial problem. - Aldo Todini

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