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Pastimes : Layoff Totals for US Companies
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From: peppe511/21/2009 8:43:59 AM
   of 8051
 
330...Yankee Holding Corp. and its subsidiary The Yankee Candle Co. said Tuesday that the company is slashing 330 jobs as part of a restructuring plan that includes closing its 28 Illuminations retail stores.

Yankee is also discontinuing its Illuminations consumer direct business and closing one underperforming Yankee Candle retail store.

The job cuts include about 310 store employees and field personnel in the Illuminations division, about 10 store employees at the closing Yankee Candle retail store, and about 12 corporate and administrative personnel at corporate headquarters.

According to Capital IQ, the company has 3,800 employees and operated 459 retail stores at the end of 2007. Yankee Candle, which makes and sells candles and accessories, was acquired by Madison Dearborn Partners LLC in February 2007.
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