Circuit City Plans to Eliminate 2,000 Jobs
From Associated Press
Circuit City Stores Inc. will cut about 2,000 jobs, or 4.8% of its workforce, and close more repair shops amid a sales slump, the electronics retailer announced.
Circuit City said it will stop paying commissions to its salespeople and relocate or remodel more stores this year.
In trading on the New York Stock Exchange, Circuit City shares fell 73 cents, or 11%, to $5.86.
