RadioShack Decline Belies Its Longevity

By Fort Worth Star-telegram

Saturday, Sept. 27, 2014, 9:00 p.m.

FORT WORTH, TX — During nearly a century in retailing, RadioShack has reinvented itself time and again as the American consumer moved from primitive radio kits to ever-sophisticated audio equipment, CB radios, and computers and wireless phones.

But now the Fort Worth-based consumer electronics pioneer finds itself tethered to a bygone era, with its 4,000 company-owned stores as much a burden as a benefit, its website delivering only modest returns in this cyber age and competitors — from behemoths such as Amazon.com and Wal-Mart to wireless providers — attacking on all fronts. The company warned recently that bankruptcy could be near if it can’t secure financing.

Just nine years ago, RadioShack enthusiastically opened its new $200 million headquarters, a complex of 900,000 square feet situated majestically on 38 acres on the banks of the Trinity River. With a 500-seat cafe, an open floor plan and a fitness center, it was supposed to help propel the chain to greater entrepreneurial heights.

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Geisinger Health System Freezes Open Positions

Map of Pennsylvania highlighting Montour County (Photo credit: Wikipedia)

Geisinger Health System this spring temporarily froze about 400 open positions, bracing for an estimated $50 million reduction in profitability in fiscal year 2015.

The decision reflects cuts in federal reimbursement payments and the health system’s effort to extensively evaluate each opening, officials said.

About 225 positions remain unfilled, with about 30 percent of those jobs located in Northeastern Pennsylvania, said chief human resource officer Amy Brayford in an emailed statement.

She said the openings span the entire health system, which serves more than 2.6 million residents across 44 counties in central and Northeastern Pennsylvania. Most of the positions do not provide direct patient care.

Geisinger Health System employs about 21,000 people.

Read more: http://citizensvoice.com/news/geisinger-freezes-open-positions-1.1714049

Macy’s To Cut 2,500 Jobs, Close Stores

Macy’s logo (Photo credit: Wikipedia)

Macy’s Inc. is cutting 2,500 jobs as part of a reorganization to sustain its profitability.

The announcement comes on the heels of a strong holiday shopping season for the department store chain.

Macy’s said Wednesday that it will reassign or transfer some workers and add some positions, leaving its workforce level at about 175,000.

The Cincinnati-based company plans to close five stores and open eight others, leaving it with 844 stores nationwide once the changes are complete.

Read more: http://www.inyork.com/community/ci_24868130/macys-cut-2-500-jobs?source=rss