Women's apparel retailer Talbots cuts corporate jobs
06 Jun '08
2 min read
"It was clearly a difficult strategic decision to reduce our corporate staffing levels, but it was an important and necessary step towards strengthening our organization for the long term. We are making every effort to assist the affected employees in making a successful career transition."
Additional information is included in the Company's Form 8-K filed, June 5, 2008. Affected employees were notified on or immediately prior to June 5, 2008 and of their eligibility for severance and outplacement benefits.
The Company has also announced that it is reconfirming its previously announced outlook for fiscal 2008 earnings per share as detailed in its first quarter 2008 results press release issued on May 21, 2008.
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