Wednesday, February 6, 2008

Recession Hitting Minnesota More

This is from the Pioneer Press:

Amid slumping sales, Macy's is making big changes that will affect 950 local jobs.

The retailer's Macy's North headquarters in Minneapolis will be consolidated into the retailer's eastern regional operation in New York, the Cincinnati-based retailer said today. A press release said 950 jobs at the Minneapolis headquarters would be affected, and while it noted that workers laid off would receive severance benefits it didn't provide specific job cut numbers.

Macy's North executives will be considered for jobs in a new local market organization the retailer outlined today or for open jobs elsewhere in the company.

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