Tag Archives: Redundancies

The UK’s biggest phone store chain is closing all of its outlets

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The UK's only remaining independent phone store is closing its vast network of retail locations on April 3rd, 2020. Dixons Carphone, owner of Currys PCWorld and Carphone Warehouse (CPW), will shutter the latter's 531 outlets at the start of next mont...

Sharp reports 2,000 job cuts in Japan, more changes expected

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Sharp reports 2,000 job cuts in Japan, more changes expected

There was little doubt jobs would be on the line after Sharp's significant Q1 losses, but now it's official. Following a board meeting today, the company has joined the likes of RIM, Sony and HP, announcing the "voluntary retirement" of around 2,000 staff in Japan before the year's out. The layoffs are part of a wider, textbook reorganization plan, and are expected to cost a sizeable 27 billion yen (approximately $344 million). Neither figure is set in stone, however, so when everything is finalized we could see more jobs impacted and those costs soar. Whether this puts off potential investment from Hon Hai Precision Industry is unknown, but while Sharp's TVs get ever bigger, its wallet continues to get thinner.

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Sharp reports 2,000 job cuts in Japan, more changes expected originally appeared on Engadget on Tue, 28 Aug 2012 23:47:00 EDT. Please see our terms for use of feeds.

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Best Buy details its 50 big box store shutdowns in the US, most will close by May 12th

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We knew Best Buy planned to close 50 of its big box retail locations by the end of its 2013 fiscal year, and now (just days after Mike Mikan took the CEO-reigns from Brian Dunn) it's detailed all of the stores that'll be getting the boot. As it stands, two locations have already been shut down, with six others set to close before the year is out -- and the company hopes to clear out the remaining 42 before May 12th. Employees at most of the stores were informed of the news this weekend, and despite the impending closures, the company says it'll try to re-position them within the company or offer up severance packages. Past that, Best Buy is also reaching out to the customers of these stores, noting that they'll still have other nearby locations to choose from -- try-before-you-buy online shoppers rejoice. There's still no specific word about the 100 Best Buy Mobile stores it hopes to setup, but more information will be forthcoming later in the year. Hit up the press release after the break if you'd like to parse the full list of affected locations or find out more details about the planned closures.

Continue reading Best Buy details its 50 big box store shutdowns in the US, most will close by May 12th

Best Buy details its 50 big box store shutdowns in the US, most will close by May 12th originally appeared on Engadget on Sun, 15 Apr 2012 05:28:00 EDT. Please see our terms for use of feeds.

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