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Walgreen to cut about 1,000 corporate and field management jobs
Thursday January 08, 2009 12:02:00 EST
(RTTNews) - Drugstore chain Walgreen Co. (WAG) said Thursday that it would cut about 1,000 jobs, or around 9% of its corporate and field management workforce, through a combination of voluntary and involuntary programs in fiscal 2009 that ends on August 31.
The Deerfield, Illinois-based company said it is offering early retirement and severance programs to employees in corporate and field management positions as part of its "Rewiring for Growth" initiative, which was first announced in October. The programs will not affect store personnel.
Eligible employees under the programs will be offered to voluntarily resign or retire from the company with both severance pay and benefits based on years of service and retirement eligibility, W (continued...)
Economic News
Thursday January 08, 2009
- Obama Urges Swift Action On Economic Recovery Package To Avoid Prolonged Recession
11:51:00 EST - *Obama - Likely things will get worse before they get better
11:30:00 EST - *Obama - Economic plan is not just another public works program
11:28:00 EST - *Obama - Vows to open books on stimulus package
11:11:00 EST - *Obama - Only government can lift economy out of recession
11:11:00 EST - *Obama - Nation is at risk of losing economic ground
11:10:00 EST
Global Market News
Industry News
Thursday January 08, 2009
- Major Averages In The Red Going Into Afternoon Trading
12:02:00 EST - Stocks Move Back To The Downside After Failed Recovery - U.S. Commentary
11:32:00 EST - Nasdaq Slips Back Into Negative Territory
11:31:00 EST - Stocks Turn Mixed In Late Morning
10:58:00 EST - Bay Street Stocks Move Slightly Lower - Canadian Commentary
10:55:00 EST - Stocks Seeing Notable Weakness In Mid-Morning Trading - U.S. Commentary
10:44:00 EST
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| DOW | 8,682.01 | -87.69 (-1.00%) | |
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| Russell 2000 | 496.39 | -0.71 (-0.14%) | |
| DOW Transports | 3,514.06 | -53.20 (-1.49%) | |
| DOW Utilities | 370.64 | -1.67 (-0.45%) | |
General News
Thursday January 08, 2009
- Reports say daily three-hour truce mostly ineffective
12:28:00 EST - UN suspends aid work in Gaza after its staff killed in Israeli strike
11:48:00 EST - Three Civilians Killed In Suicide Attack Targeting NATO Troops In Afghanistan
11:38:00 EST - 7 Iraqi Soldiers Killed In Roadside Bomb Attacks
11:08:00 EST - Pope calls for ceasefire
10:56:00 EST - Bomb explodes as Thai PM attends security meeting
08:55:00 EST