Sears Cuts 200 Employees
13798 Thu, 02/14/2008 - 12:32pm
HOFFMAN ESTATES, Ill.–In the latest shake-up at Sears, the retailer cut 200 employees from its support center locations this week following a review of the organization, confirmed a Sears spokesman. Associates were told on Feb. 12 in a communication from Bruce Johnson, interim chief executive officer.
“As we’ve previously stated, Sears Holdings’ results have not been satisfactory and because of that, as part of a continuing process, we are assessing our business priorities, cost structures and organization, and when and where necessary we will be making adjustments,” according to a statement from the spokesman.
The retailer offered associates severance packages and outplacement services to ease their transition, he said.
Sears, which has been bleeding market share, is in search of a new CEO to succeed Aylwin Lewis, who resigned this month. That news followed the announcement that the retailer would restructure its operations around five business units: operating businesses, support, brands, online and real estate.