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Posts Tagged ‘Bennett LeBow’

Borders Keeps Silent about Remaining Employees

Borders.GIFBorders Group, Inc. has not commented on how many people have been laid off at its corporate headquarters–nor will they reveal how many employees remain at the Ann Arbor-based home office. According to the company, CEO Bennett LeBow has made it a practice to not speak to the press.

AnnArbor.com explained: “Michael Norris, an industry analyst with Maryland-based Simba Information, told AnnArbor.com that he’s noticed similar bouts of silence among other companies in the books industry. ‘They don’t just don’t communicate well,’ he said of the industry.”

The article points to an anonymous LiveJournal page where various commenters are trying to sort out the number of employees let go last week. Earlier this year Borders made cuts at its Ann Arbor headquarters and its Tennessee distribution facility. Ann Arbor’s loss remains unknown. Tennessee saw a cut of 100 employees.

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Borders to Cut 100 Employees in Tennessee

Borders.GIFBorders Group will cut another 100 workers in its distribution facility located in La Vergne, Tennessee.

In a The Nashville Business Journal article, Borders spokesperson Mary Davis offered this statement: “We are in the process of reorganizing core areas of our business around key strategic objectives to transform the Borders brand. As part of this effort, we are making changes to our staffing levels to make sure the right people are in the right spots and positions and resources are aligned with our strategic objectives.”

In March, the same distribution center saw 120 jobs eliminated. In June, the company announced that Bennett LeBow would be the new CEO of Borders Group. In July, the company sold Paperchase for $31 million to ease the bookseller’s debt.