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Aug 15 – Aug 22, 2010 Edition Borders Lays Off More Workers
ANN ARBOR, MICH/AUTHORLINK NEWS/August 16, 2010–Borders Group eliminated an unspecified number of employees at its Ann Arbor headquarters this week, according to a report at Freep.com
Continuing its downsizing, the bookseller confirmed Friday that it had reduced its workforce, but would not elaborate.
The layoff follows a January reduction of more than 160 employees, including 124 corporate jobs.
Borders spokeswoman Mary Davis released this statement: “As we aggressively work to restore the financial health of the company, we have reorganized core areas of our business to ensure that we have the necessary resources in place to support our strategic initiatives. As part of this process, we have made changes to our staffing levels …
” Borders has cut nearly half of its corporate headquarters employees in the past two years in the face of mounting competition from Amazon.com, Barnes & Noble, Wal-Mart and others. It now employs fewer than 650 people at its headquarters, compared with 1,232 in 2008.
Read the full story at Freep.com.