TITLE

Federated/May to Evaluate Reductions

PUB. DATE
May 2005
SOURCE
Home Textiles Today;5/30/2005, Vol. 26 Issue 37, p19
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that employees of Federated Department Stores Inc. and May Co. received word from their respective chairmen last week announcing there will be no job reductions in the combined company until March 2006. The letters, which were filed with the Securities and Exchange Commission, explain that the companies have appointed a transition team of executives to assess resources and business needs. A separate letter to Federated employees, which was signed by president/chief executive officer of both May and Federated, Terry Lundgren, encouraged associates to focus on running the business in the months ahead.
ACCESSION #
17198013

 

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