Circuit City cuts deeper into ranks
Published: Fri, Jun. 01, 2007 12:00AM
Modified Fri, Jun. 01, 2007 03:25AM
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closeRICHMOND, VA. -- Circuit City Stores cut about 600 retail management positions and eliminated about 200 jobs at its corporate offices as it began another phase of its restructuring plan.
Circuit City, the nation's No. 2 consumer electronics retailer, said it will eliminate an average of one manager for each of Circuit City's 654 U.S. stores and give more supervisory duties to midlevel sales staff.
The cuts come two months after the company laid off 3,400 store employees, replacing them with lower-paid workers, and trimmed about 130 corporate information-technology jobs by outsourcing the work to IBM.
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