Hallmark Dropping Party Ware, Cutting 225 Jobs

4 years 11 months 2 weeks ago Tuesday, November 05 2013 Nov 5, 2013 Tuesday, November 05, 2013 3:28:03 AM CST November 05, 2013 in News
By: The Associated Press

KANSAS CITY, Mo. (AP) - Hallmark Cards says will eliminate at least 225 jobs by doing away with its party ware business and streamlining parts of its greeting card operation.

The Kansas City Star reports 125 to 150 jobs will be cut over the next 15 to 20 months by eliminating party wares, which Hallmark says weren't meeting revenue expectations. An additional 100 positions will be axed this year through streamlining.

Hallmark has about 3,200 employees in Kansas City and roughly 12,000 worldwide. It says the staff reductions will include severance packages for those who lose their jobs, while some workers may be reassigned to other positions within the company.

 

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