RadioShack Fired 400 People Via E-Mail

from Breitbart

RadioShack Corp. notified about 400 workers by e-mail that they were being dismissed immediately as part of planned job cuts. Employees at the Fort Worth headquarters got messages Tuesday morning saying: "The work force reduction notification is currently in progress. Unfortunately, your position is one that has been eliminated."

Company officials had told employees in a series of meetings that layoff notices would be delivered electronically. Laid-off workers got one to three weeks pay for each year of service, up to 16 weeks for hourly employees and 36 weeks for those with base bay of at least $90,000.

The company announced Aug. 10 that it would cut 400 to 450 jobs, mostly at headquarters, to cut expenses and "improve its long-term competitive position in the marketplace." RadioShack has closed nearly 500 stores, consolidated distribution centers and liquidated slow- moving merchandise in an effort to shake out of a sales slump.