Wolverine World Wide: Need some good shoes? Message Board

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Non-Tech : Wolverine World Wide: Need some good shoes?

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To: Chip Roos who wrote (48)	1/22/1998 4:53:00 PM
From: Ken Turetzky	Read Replies (1) of 178

Thanks for the tip, Chip, but apprently too late. NIN makes the analysts' "lowest-rated" list for its category. Nine West Group Cuts -2: Company Imposes Hiring Freeze Dow Jones News Service via Dow Jones WHITE PLAINS, N.Y. (Dow Jones)--Nine West Group Inc. (NIN) eliminated 40 executive, administrative and staff jobs, and has cut 45 additional jobs since October. In a press release Thursday, the company said the cuts represent about 6% of the company's overall corporate workforce. Nine West expects to record a pretax charge of about $6 million in the fourth quarter for severance and other costs from the reductions. The company expects to save about $6 million annually in salary and benefits. The company also has a hiring freeze for non-essential positions. Nine West said the cuts are part of an effort to streamline operations and reduce costs. The company is offering "appropriate" outplacement services and severance and benefit packages. Nine West designs, develops, makes and markets women's footwear and accessories.

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