News Source: Npros.com
"The Longaberger Co. announced Thursday one of its largest layoffs in recent years, affecting 295 employees at the corporate office building in Newark and manufacturing facility in Dresden.The basketmaker announced the elimination of 120 management, administrative and support positions and a reduction of 175 manufacturing jobs in basketmaking, distribution and woodcrafts, because of the recession.
The company also announced wage reductions that begin March 29 for salaried employees at all levels, including senior managers and Chief Executive Officer Tami Longaberger, who will take a 15 percent pay cut.
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