Friday, February 20, 2009

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Borders Group Cuts 136 Jobs, Or 12% Of Corporate Work Force

Borders Group Inc. (BGP) cut another 136 corporate jobs, or about 12% of its corporate work force, as the struggling books and music retailer looks to cut costs amid its turnaround.

Earlier this month, the company eliminated several high-level corporate positions to reduce management layers. The latest job cuts amount to 1% of the work force.

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