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Borders Cuts 742 Jobs

6 Mar, 2009 By: Chris Tribbey

Borders Group announced March 5 that it was slashing 742 positions, or less than 3% of its workforce, with 679 of the jobs being cut at Borders’ 516 superstores.

No changes were made at the company’s general manager levels, Borders said in a news release, but cuts were made to sales and inventory managers, and training and merchandise supervisors. Sixty-three jobs were eliminated in Borders’ Waldenbooks specialty retail segment.

“Every retailer operating today must manage their business prudently, including staffing stores to maintain strong customer service levels while also making sure that payroll investments align with the reality of sales,” said Borders Group CEO Ron Marshall. “As we've said in the past, no one likes to eliminate jobs, but reducing the number of leadership positions in our stores was a necessary step.”

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