QVC eliminates 900 workers
THE ASSOCIATED PRESS
Published: November 13, 2008
Updated: November 13, 2008
Published: November 13, 2008
Updated: November 13, 2008
WEST CHESTER, Pa.—Television shopping company QVC is laying off hundreds of employees.
QVC, based in the Philadelphia suburb of West Chester, saID it laid off 160 workers on Wednesday as it begins a cost-cutting program.
Ultimately, QVC said about 900 jobs will be eliminated over the next 14 months. About 200 new jobs are to be added. The net reduction of about 700 jobs is 5.8 percent of QVC’s U.S. work force.
QVC said the cost-cutting measures will lower its 2009 operating costs by $30 million to $40 million.
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