The company plans to lay off about 736 employees by closing distribution and order-processing facilities in Colorado Springs, CO, and Bloomington, IN, and about 20% of the staff at its New York headquarters will be let go.
At the same time, however, Columbia House expects to add between 250 and 340 jobs at a facility in Indiana, where it will consolidate order-processing operations.
Columbia House Chairman Scott Flanders told staffers Tuesday (4/3) that the reorganization was part of an effort to "drive greater efficiencies and enable the company to capitalize on emerging opportunities in both the traditional direct-marketing and online segments of the club market."
The headcount reductions coincide with the company's rebound this year, largely credited to a growth in DVD sales. Over the past decade, since CD sales flattened out, Columbia House has seen its sales numbers consistently decline.
JENNIFER KNOEPFLE: THE HITS INTERVIEW
A publishing all-star tells her story. (5/7a)
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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