IS MACY'S NEXT TO GO?
NEW YORK – Macy's Inc. announced Monday that it will eliminate 7,000 jobs, almost 4 percent of its work force, and cut capital spending, reduce its contributions to its employees' retirement funds and slash its dividend to preserve cash amid a severe pullback in consumer spending.
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Monday, February 2, 2009
Macy's to cut 7,000 jobs
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