May Department Stores Cut Jobs

1 decade 2 years 9 months ago Wednesday, April 05 2006 Apr 5, 2006 Wednesday, April 05, 2006 1:06:41 PM CDT April 05, 2006 in News
AP-MO--MayRetailerLayoff 03-01 0123 AP-MO--May Retailer Layoffs May Department stores to cut 500 jobs in St. Louis ST. LOUIS (AP) -- The retailing company May Department Stores will cut nearly 500 jobs today as part of the company's takeover by Federated Department Stores. The St. Louis Post-Dispatch reported that 490 May workers in downtown St. Louis will collect a severance check, as their jobs are moved to Cincinnati, where Federated is located. Mayor Francis Slay says he is worried about the job loss, but is happy Federated did not cut as many jobs as it might have. About 300 people still will be employed by Federated in St. Louis. The Missouri Department of Economic Development is helping laid-off workers find new jobs. (Copyright 2006 by The Associated Press. All Rights Reserved.) AP-NY-03-01-06 1112EST

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