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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (4812)	1/14/2001 2:02:15 PM
From: Glenn D. Rudolph	Read Replies (3) \| Respond to of 57684

I was many times told I should run my business just like this firm LOL. "Service Merchandise Announces Layoffs By Victoria Gomelsky Senior Editor Web Posted: January 11, 2001. Nashville, Tenn. (January 11, 2001)—Service Merchandise, once known as "America's Leading Jeweler," announced on Wednesday that it will layoff 1,750 employees by mid-February in order to speed its way out of Chapter 11 bankruptcy, casting doubts on the company's long-term viability in an increasingly competitive marketplace. "It is now time to make the appropriate adjustments to our expense base through a reduction in the size of our workforce," said CEO Sam Cusano in a statement that also noted the cuts would save the company $35 million. For more on this late-breaking story, please see the Feb. 1 issue of National Jeweler. Send e-mail to Victoria Gomelsky. Or, write a Letter to the Editor commenting on this story. "