Winn-Dixie cuts 22,000 jobs, shutter stores

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newtosomd

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CHICAGO (Reuters) - Bankrupt grocery store operator Winn-Dixie Stores Inc. (WNDXQ) on Tuesday said it would shutter more than 300 stores and slash 22,000 jobs as it tries to improve profits.

The company would have about $7.5 billion in revenue after the store closings, down 25 percent from its current $10 billion, the company said.


http://money.excite.com/ht/nw/bus/20050621/hle_bus-wen3627.html
 
B

Bruzilla

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ceo_pte said:
It's a shame. I hope they pull through as well. That's alot of jobs!

Screw the jobs... I just want to see a place that has the balls to sell Ritz cracker knock-offs under the name of "Georgia Crackers" stay in business!
 
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