Get the ECT News Network Weekly Newsletter » View Sample | Subscribe
Welcome Guest | Sign In
ECTNews.com
E-Commerce Times TechNewsWorld CRM Buyer LinuxInsider
Discussions

E-Commerce Times Talkback

 
ECT News Community   »   E-Commerce Times Talkback   »   Re: Circuit City to Lay Off Thousands of 'Overpaid' Workers



Re: Circuit City to Lay Off Thousands of 'Overpaid' Workers
Posted by Zinie Chen Sampson on 2007-04-02 21:00:55
See Full Story

Circuit City Stores said Wednesday it plans to cut costs by laying off about 3,400 store workers and hiring lower-paid employees to replace them, and by trimming about 130 corporate jobs. Its shares rose 3 percent in morning trading. Circuit City, the nation's No. 2 consumer electronics retailer behind Best Buy, said the store workers being laid off were earning "well above the market-based salary range for their role." They will be replaced with employees who will be paid at the current market range, the company said in a news release.





 * Topic  Author  Date
Re: Circuit City to Lay Off Thousands of 'Overpaid' Workers  Zinie Chen Sampson  2007-04-02 21:00:55
Re: Circuit City to Lay Off Thousands of 'Overpaid' Workers  avapcat  2007-04-02 21:06:38
Jump to:
Your Name: [modify]
* Subject: [edit]
Choose Icon:

Submissions containing gratuitous promotions or advertisements
will not be posted. [Message Board and Community Rules]


* Comments:

Notify me by e-mail when someone responds to my post.

I am most loyal to brands that...
Give the best value for my money
Have helpful and friendly staff
Operate an easy-to-use website
Provide fast, knowledgeable responses to questions
Support causes that I believe in