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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Jim Willie CB who wrote (5331)	5/1/2004 8:39:37 PM
From: mishedlo	Read Replies (1) of 116555

Winn-Dixie to Cut 10,000 Jobs Friday April 30, 9:09 am ET biz.yahoo.com Struggling Supermarket Operator Winn-Dixie to Close, Sell 156 Stores, Cut 10,000 Jobs JACKSONVILLE, Fla. (AP) -- Struggling supermarket operator Winn-Dixie Stores Inc. plans to cut 10,000 jobs from its payroll by closing or selling 156 stores and three distribution centers and selling several manufacturing businesses over the next year, the company announced Friday. The job cuts will reduce its work force by about 10 percent. The company said it plans to close 45 unprofitable or poorly located stores and put another 111 stores up for sale and close them if it cannot find buyers. Its stores are mostly in the Southeast and Midwest. [...] ..............

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