Borders Books Layoffs Job Cut: fires 742 employees: Finance Trading Times

Borders Books Layoffs Job Cut: fires 742 employees

The news is not good for the employees of Borders Books. The company is based in Ann Arbor Michigan and has stores like Borders superstores and Waldenbooks stores. The recession is taking a toll on all sectors and even the book companies are feeling the heat. The latest additon to the list of organization which may go for layoffs is the Borders Books. Borders Books Layoffs

How many employees may be fired in the Borders Books layoffs?
There will be around 742 layoffs, as per the reports that have come.

What is the total no. of employees of Borders Books?
Total No. of employees of Borders Books is not known as of now.

Which locations will be affected by the Borders Books layoffs?
No info is available location wise. Although news is that 679 layoffs will be from Borders superstores, and 63 from Waldenbooks.

Which departments or business section will be affected by the Borders Books layoffs?
Some leadership positions such as sales and inventory managers, and training or merchandising supervisors will be gone.

How much savings can be made by the company from the layoffs?
No details available about that.

What is the primary reasons for Borders Books layoffs?
Company is quoting the reason that the layoffs are to "reset its superstore management structure to correspond to sales volume on a store-by-store basis.

Any other news about Borders Books layoffs
As per MLive, The job cuts come on top of 136 layoffs, mostly at the Ann Arbor headquarters, made public in February. Borders also eliminated several executive positions and hired Ron Marshall, a former private equity executive, as its CEO earlier this year.
Let's hope that alternative jobs are available to the affected employees of Borders Books Layoffs Job Cut
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