Circuit City Closing [Jan 16, 2009, 5:14 pm ET] – Share – Viewing Comments
Circuit City to shut
down remaining stores has the news that Circuit City is closing its
remaining US stores and liquidating its assets, something many felt was
inevitable even as the chain attempted to reorganize under bankruptcy
protection. Word is: "About 30,000 employees face layoffs as the rest of its
567 stores are closed. The fates of outstanding warranties, its Firedog repair
service, and Canadian stores are still to be determined, according to the
company."
30,000 people out of work in this economy? Not good. Granted, a large portion of those jobs are part time college kids, but many aren't. Damn shame for a lot of reasons.
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