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Hallmark Seeks to Cut 200 Jobs in Next Several Months

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hallmark-550.jpg

KANSAS CITY, Mo. (AP) — Hallmark Cards is offering a buyout program as it tries to cut 200 jobs by this summer.  The company announced the buyouts Monday for eligible employees in its product development and creation business.  President David Hall says the company is looking for ways to reduce costs as consumer spending changes.  The Kansas City Star reports that eligibility for the buyouts will be based on a combination of years of service and age. If enough employees don't take the voluntary buyout, involuntary staff cuts will occur.  Employees will be offered severance payments and outplacement assistance.

 

The AP is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.