RICHFIELD, Minn. (AP) - Best Buy Co. Inc. says about 500 corporate employees have accepted buyouts it offered last month.
That's about 12.5 percent of the 4,000 employees at the company's Richfield, Minn., headquarters.
Spokeswoman Susan Busch said Thursday that employees have until Jan. 16 to change their mind, and Best Buy executives, who didn't set a target number of buyouts, may determine when they meet later this month whether the reduction is great enough.
Busch says the average non-executive will get about 7.5 months' pay, a year of health and life insurance and help job-hunting.
The nation's largest consumer electronics chain last month reported third-quarter earnings down 77 percent and called that period the most challenging in its history.
FYI: Kris and I are taking the package. Our last day is 2/12/09.
Friday, January 9, 2009
Thursday, January 8, 2009
Sunday, January 4, 2009
We're still working on our holiday letter
In the mean time, please enjoy a letter from another family:
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Where in the world is Fort Awesome?
