MACY'S WEST ELIMINATING APPROXIMATELY 700 POSITIONS
This article was originally published in The Rose Sheet
Executive Summary
MACY'S WEST ELIMINATING APPROXIMATELY 700 POSITIONS in its 32 Macy's and 20 Bullock's stores, R. H. Macy & Co. announced recently. The division does not plan to close any stores and will retain 22,200 employees. The staff reductions are part of the company's five-year business plan to emerge from Chapter 11 reorganization. Macy's filed for Chapter 11 Jan. 27, 1992 ("The Rose Sheet," Feb. 10, 1992, p. 11).