Hallmark seeks to cut 200 jobs in next several months

4 years 11 months 4 weeks ago Tuesday, March 31 2015 Mar 31, 2015 Tuesday, March 31, 2015 5:20:41 AM CDT March 31, 2015 in News
By: The Associated Press

KANSAS CITY (AP) - Hallmark Cards is offering a buyout program as it tries to cut 200 jobs by this summer.

The company announced the buyouts Monday for eligible employees in its product development and creation business.

President David Hall said the company is looking for ways to reduce costs as consumer spending changes.

The Kansas City Star reported eligibility for the buyouts will be based on a combination of years of service and age. If enough employees don't take the voluntary buyout, involuntary staff cuts will occur.

Employees will be offered severance payments and outplacement assistance.

 

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