Winn-Dixie to Close 30 Stores, Reduce Staff in Cost-Cutting Plan
Winn-Dixie Stores ( WINN ) will close 30 stores and reduce staff as part of a multi-million dollar cost-cutting plan. The company plans to eliminate 120 positions on top of those directly related to the store closure, Winn-Dixie said in a statement . The annualized savings will be in the range of $12 million to $17million and begin to be realized after the end of the first quarter of fiscal 2011. "We... Continue reading Winn-Dixie to Close 30 Stores, Reduce Staff in Cost-Cutting Plan Winn-Dixie to Close 30 Stores, Reduce Staff in Cost-Cutting Plan originally appeared on DailyFinance on Wed, 28 Jul 2010 07:31:00. Filed Under: Company News , Economy , Earnings , Retail Permalink | Tweet this! | Comments
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