Another 800 to go at Depot


15 November 2004 – Delray Beach (FL): Office Depot has announced plans to cut around another 800 jobs from its retail stores, corporate headquarters and European sales force.

In a filing with the Securities and Exchange Commission, the company disclosed it was reducing staff in its North American retail stores by 2 per cent – a move it estimated would save the company $14.2 million in annual savings.

The announcement comes just a fortnight after the retail giant said it planned to outsource three call centre facilities, affecting 900 jobs.

Interim Chairman and CEO Neil Austrian said the company was concentrating on strategic programmes and "a focus on fewer programmes requires fewer people".