Employment News
York, Pennsylvania-based The Bon-Ton Stores will cut 1,150 jobs and suspend its 401(k) plan contributions, in an initiative to boost operating income by $70 million a year.
Bon-Ton is taking the actions after performing a strategic analysis of its operating structure. The retail chain has about 700 corporate employees and executives in downtown Milwaukee, Wisconsin, and a total of about 1,900 in the Milwaukee area.
As of March 28, 2008, Bon-Ton had approximately 32,700 full-time and part-time associates.
Along with the layoffs, Bon-Ton will eliminate bonuses for executives and suspend merit-based wage increases.
The employees who are losing their jobs will receive career transition benefits, including severance payments.
Bon Ton operates 281 stores, including 12 furniture galleries, under the Bon-Ton, Bergner’s, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger’s and Younkers nameplates. It also operates Parisian stores in the Detroit area.
- Employment News (Sponsored by EmploymentSpectator)
- Job Search Advice from the CEO of VeterinaryCrossing (Sponsored by aharrisonbarnes.com)
- Layoff News (Sponsored by LayOffWatch)
Testimonial of the Week
What I liked about the service is that it had such a comprehensive collection of jobs! I was using a number of sites previously and this took up so much time, but in joining EmploymentCrossing, I was able to stop going from site to site and was able to find everything I needed on EmploymentCrossing.
- John Elstner Baltimore, MD
Only VeterinaryCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.
- We have more jobs than any other job board.
- We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
- We collect jobs from more than 4,429,376 websites and post them on our site.
- We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.
