Claiborne Cuts Jobs, Reviewing 16 Brands

Apparel designer and marketer Liz Claiborne Inc. on Wednesday said it plans to cut 600 to 800 jobs and is considering whether it should sell 16 brands in a bid to cut costs and focus on profitable lines.

Under its restructuring plan, Claiborne expects to save $100 million in 2008 and an additional $90 million over the following two years.

It plans to cut 600 to 800 jobs, or 7 percent to 9 percent of its non-retail based global work force, including cutting senior positions.

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- Posted: 2007-07-11 10:03:07

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