Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Kmart Cuts Top Managers
Mar 12, 2003
 Printable format
 Email this Article
 Search

Kmart Corp. began the latest round of layoffs at its corporate headquarters in Troy, MI, U.S., letting go more than a dozen senior executives. As many as hundreds of employees could be terminated later this month as Kmart gets ready to come out of bankruptcy by April 30 with a third fewer stores.

"As the company stated previously, we are reducing our corporate overhead to align with the reduced size of our store base and reflect the needs of the new Kmart, post emergence," Lori McTavish, a Kmart spokeswoman, said.

She said Kmart was first evaluating its senior management team and would eliminate 25 to 35 percent of senior level positions, including open positions, at its headquarters. It will then decide which of its remaining 2,900 headquarters workers would be let go.

A person familiar with the situation said more than a dozen managers holding titles such as senior vice president and division vice president were the first to lose their jobs and that another 500 to 1,000 headquarters employees will follow as Kmart's restructuring hits the home stretch. (Detroit Free Press)

Back to Daily News

 

Daily News

...........................................................

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

Jul 29, 2014: TCL Will Manufacture Portable HVAC Equipment for Soleus Air

Jul 29, 2014: HVACR Contractors Outlook Remains Positive

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows