Container Top
Homes   Jobs   Cars   Shopping
Search

Events Calendar

EVENT SEARCH:

In This Section


Most Read Stories


Blogs:


Pets:
Cat-loving chihuahua suckles seven abandoned kittens

The Heldenfiles:
Friday Night Notebook

Patrick McManamon:
For your Saturday entertainment …

Akron Zips:
Two blowouts, one night

Tribe Matters:
Seven players added to Tribe’s 40-man roster

Cleveland Browns:
Holmgren expresses interest in Browns position

Kent State Sports:
Singletary update

Cleveland Cavaliers:
Gameblog: Cavs at Indiana Pacers – Here’s to LBJ and Free Throws

Buckeye Blogging:
OSU – Michigan college football rivals meet in Baghdad

Varsity Letters:
Bowling season starts today

All Da King's Men:
Headed For Disaster

Blog of Mass Destruction:
Akron Law Café:
Federal Judge Declares DOMA Unconstitutional

See Jane Style:
Vintage Chic

Car Chase:
TIME TO GET YOUR COLLECTOR CARS WINTERIZED

Let's Talk Real Estate:
Silverdome Potentially SOLD!

Ohio Travels with Betty:
George is looking for a Thanksgiving buffet in Akron.

Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall

HRLite House:
Colloquium at University of Akron

Akron Gamer:
Nintendo's Mario endures even as games come and go

American Greetings laying off 275

By Associated Press

CLEVELAND: American Greetings Corp. on Tuesday announced the elimination of 275 jobs, mainly at its headquarters in Cleveland.

The nation's largest publicly held greeting card company cited tough economic times for the job cuts.

''The decision to eliminate positions has been very difficult, but is necessary to ensure we remain competitive given the current business environment,'' Chief Executive Officer Zev Weiss said in a statement.

American Greetings employs about 18,000 people with about 2,200 at its headquarters. It sells cards and other products under brand names American Greetings, Carlton Cards and Gibson.

The company also sells cards through its retail stores and large retailers, such as Wal-Mart and Target. It has annual revenue of about $1.8 billion and is second in size among U.S. greeting card makers only to privately held Hallmark Cards Inc.

American Greetings reported a 73 percent decline in profit in the second quarter and previously said it plans to close 25 to 30 stores during the fiscal year. It's third-quarter earnings report is due Dec. 23.

CLEVELAND: American Greetings Corp. on Tuesday announced the elimination of 275 jobs, mainly at its headquarters in Cleveland.

The nation's largest publicly held greeting card company cited tough economic times for the job cuts.

''The decision to eliminate positions has been very difficult, but is necessary to ensure we remain competitive given the current business environment,'' Chief Executive Officer Zev Weiss said in a statement.

American Greetings employs about 18,000 people with about 2,200 at its headquarters. It sells cards and other products under brand names American Greetings, Carlton Cards and Gibson.

The company also sells cards through its retail stores and large retailers, such as Wal-Mart and Target. It has annual revenue of about $1.8 billion and is second in size among U.S. greeting card makers only to privately held Hallmark Cards Inc.

American Greetings reported a 73 percent decline in profit in the second quarter and previously said it plans to close 25 to 30 stores during the fiscal year. It's third-quarter earnings report is due Dec. 23.



Story tools

Email  Email   Print  Print   Save  Save   Reprint  Reprint   Popular  Most Popular   Reprint  Subscribe

Share this story

AddThis Social Bookmark Button
















Most Commented Stories