Major U.S. retailer kills 7,000 jobs

New York, NY (–Breaking News: Bloomberg reported this afternoon another slam to the American workforce today with the announcement of Macy’s slashing 7,000 jobs. The second largest United States department store cut 3.9% of it’s workforce claiming it will help save the company money. Macy’s Inc., is closing all of its regional divisions in Atlanta, Miami, San Francisco leaving one buying office in New York open.

Macy’s employs about 180,000 workers in 848 stores. The 40 Bloomingdale’s stores will remain operating separately stated Macy’s executives today. Macy’s purchased May Department Stores Co. In 2005 for $11 billion. The companies share price on the New York Stock Exchange peaked in May 2007 at $46.51. Bloomberg reported the price at $8.51 at 3:14 p.m. today. breaking news for New York employment lawyers

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Heather L. Ryan, R.N., C.L.N.C- Heather Ryan is a Certified Legal Nurse Consultant with 15 years of experience in the health care industry. Her expertise in reviewing medical records and assisting lawyers with the determination as to whether legal action should be taken provides an invaluable asset to the newsroom. Medical-malpractice, products liability, personal injury and workers’ compensation are some of the recent areas of litigation Ms. Ryan has focused her efforts on. A member of the Florida Justice Association, Heather maintains a long list of certifications and credentials to support her areas of expertise and stays up-to-date with her clinical knowledge working as an emergency room/trauma nurse, at a Level 1, Adult/Pediatric trauma and teaching institution in South Florida.