If the numbers from one store are an indication, Ohio could be losing more than 300 jobs from the shutdown of six Kmart locations.
The state this week received notice from a regional Kmart executive that 52 employees will be affected by the closing of a store in Springfield in western Ohio. The retailer indicated that none of the laid-off workers will be able to transfer to jobs at other stores.
DAYTON— Standard Register says a planned restructuring will mean the loss of about 12 percent to 15 percent of its work force over the next six to nine months. The announcement came yesterday and the company says the restructuring should mean an estimated $45 million in annual savings.
But the moves are expected to cut expected revenues for the fourth qtr 2011 by approximately $5.5 million,and another $1.5 million in the first qtr. of 2012.