Let's hope Decatur's Starbuck is safe.
Starbucks to close 300 more stores, cut 6,000 jobs
Coffee chain’s profits fall 69 percent; company says Atlanta market ‘will be impacted’
By MELISSA ALLISON
The Seattle Times
Wednesday, January 28, 2009
Starbucks will cut 6,000 positions as it closes 300 stores worldwide over the next eight months and will eliminate about 700 non-store workers by mid-February as it cuts costs to stem its eroding profits.
The immediate layoffs include about 350 employees at its Seattle headquarters, about 11 percent of the 3,200 people who work there. The 300 store closures will include 200 U.S. shops.
“Though we do know the Atlanta market will be impacted, we do not at this time have specific details about numbers of or locations of stores that will be impacted by these announcements,” the company said in a statement.
AJC full story here.
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