CompUSA to Cut Jobs, Restructure Service
Associated Press
CompUSA Inc. plans to cut 700 jobs, about 4% of its work force, as it restructures its service to business customers.
The computer retailer, which is owned by Mexican conglomerate Grupo Sanborns, said it would take an after-tax charge of about $4 million for the second quarter as a result of the cuts.
Dallas-based CompUSA has begun focusing its commercial business on small and medium-size businesses, and it is shifting service for those customers to newly created national sales groups. The changes initially will result in fewer sales because of the closing of unprofitable accounts, the company said. It expects the changes to result in annual savings of $30 million.
