Liz Claiborne Layoffs Job Cut: fires 725 employees

After Macy*s went for a Macy*s Layoffs, another retailer amid mounting pressure from the declining business prospects, the retail firm big company Liz Claiborne, has decided to go for Liz Claiborne Lay offs or Liz Claiborne Job Cuts. Unfortunately the situation is worsening further for all the sectors and Liz Claiborne is melting under the pressures of the market. The economic crisis is hitting all sectors and all the sectors are getting affected.

How many employees may be fired by Liz Claiborne layoffs?
The news is that around 725 employees will be asked to leave their jobs at Liz Claiborne. That will be around 8 percent of the total employee strength of Liz Claiborne.

How many employees does Liz Claiborne have?
The total no. of employees of Liz Claiborne is little more than 9,000.

Any plant or location closed by Liz Claiborne ?
Mt. Pocono, Pennsylvania distribution center has been closed down.

ANy previous layoffs by the company?
Yes. Liz Claiborne has cut approximately 2,200 jobs globally, closed six distribution centers and sold, closed or licensed 14 of its brands since 2007.

Which locations will be affected by the Liz Claiborne Layoffs?
No detailed information is available about that but it is learnt that the layoffs will be on a national level.

Which segment of employees will be affected by the Liz Claiborne layoffs
It is reported that the job cuts will be made at all levels so nobody can feel safe.

How much savings can be made by Liz Claiborne Layoffs?
No information is available about the savings to be made.

When will the Liz Claiborne layoffs happen
The job cuts will be completed by the end of first quarter, i.e. by March 2009.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Liz Claiborne Layoffs
The current economic environment and its potential impact on industry demand around the world remains highly uncertain. The worsening global economy means that there is a decline in sales and businesses and hence loss of revenue for Liz Claiborne. The primary reason is to cut costs amid tightened consumer discretionary spending

Any other news about Liz Claiborne?
As per Yahoo! News, "The challenging retail and economic environment requires us to remain more focused than ever on cost rationalization and act decisively to manage the relationship between our revenue and our (selling, general and administrative expenses)," Chief Executive William L. McComb said in a statement.
Let's hope that alternative jobs are available to the affected employees of Liz Claiborne Layoffs Job Cut