Detroit Free Press:
Borders Group continues to downsize and eliminated an unspecified number of employees at its Ann Arbor headquarters this week.
The bookseller confirmed Friday that it had reduced its workforce, but would not elaborate. The layoff follows a January reduction of more than 160 employees, including 124 corporate jobs.
Borders spokeswoman Mary Davis released this statement: "As we aggressively work to restore the financial health of the company, we have reorganized core areas of our business to ensure that we have the necessary resources in place to support our strategic initiatives. As part of this process, we have made changes to our staffing levels ... "
Ken Dalto, a Farmington Hills-based turnaround expert, said the difficulty in operating a brick-and-mortar book chain today is highlighted by Borders' problems and Barnes & Noble putting itself up for sale last week. ...
