Cincy-Based Department Store Cutting Jobs

January 9, 2014
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The department store plans to cut jobs while transferring and adding some positions.

The department store plans to cut jobs while transferring and adding some positions.

Macy’s is cutting 2,500 jobs nationally as part of a reorganization to sustain its profitability.

The announcement comes on the heels of a strong holiday shopping season for the department store chain.

The department store announced that it will reassign or transfer some workers. Some positions will be added that relate to online shopping, which is a growing area for the company.

The Cincinnati-based company plans to close five stores, leaving it with 844 stores nationwide once the changes are complete.

Macy’s says the moves will save it $100 million per year and forecast a 2014 profit above Wall Street’s forecasts.

The news sent its shares up over 5 percent in after-hours trading.

 

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The Batesville United Methodist Church, in partnership with Margaret Mary Health, will soon be offering a cancer support group whose goal is to ensure access to valuable community resources to those living with cancer. The group will also provide hope, encouragement, education and sanctuary. HOPE will meet on the last Thursday of each month at 5:30 PM at the Batesville United Methodist Church and will feature a guest speaker, time for topic discussion and fellowship. The Batesville community and beyond are invited to attend! The first session is scheduled for Thursday, June 26 and will feature a discussion around the emotional rollercoaster of cancer and the fear of recurrence. For a complete list of monthly topics or for more information, contact Kari Ann Rennekamp of the Margaret Mary Outpatient and Cancer Center at 812.933.3741 or the Batesville United Methodist Church at 812.934.3137.
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