Layoff News
Sears Holdings Corp. announces shedding of about 250 jobs nationwide this week as it struggles to maintain the declining earnings. The company employs more than 275,000 people in the U.S. The majority of the layoffs will be outside of Illinois. The decline was due to weak sales and bigger discount rate. They also plan to close a host of stores, including the Sears Hardware locations in Schaumburg and Lemont. They are also converting some Sears Grand and Sears Essentials stores to Kmart stores, including the Sears Essentials in Homer Glen. Sears posted a $170-million first-quarter loss. The overall first-quarter revenue fell 3.4%, to $9.7 billion, as Sears operated fewer stores and sales at its existing stores fell.
Read the original article here:
Sears cuts 250 jobs, reports loss bigger than expected
- Employment News (Sponsored by EmploymentSpectator)
- Following Your Passion-Literally! (Sponsored by iamnotastalker.com)
- Job Search Advice from the CEO of TravelingCrossing (Sponsored by aharrisonbarnes.com)
- Layoff News (Sponsored by LayOffWatch)
Testimonial of the Week
By using Employment Crossing, I was able to find a job that I was qualified for and a place that I wanted to work at.
- Madison Currin Greenville, NC
Only TravelingCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.
- We have more jobs than any other job board.
- We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
- We collect jobs from more than 4,429,376 websites and post them on our site.
- We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.
