Valassis Shaves 100 Jobs as Value Plummets
The job cuts were part of a plan that includes spending cuts and increased production efficiencies.
“Decisions that impact our employees are not taken lightly,” said Alan Schultz, Valassis president and CEO, in a statement. “We make every effort to minimize headcount reductions.”
The company’s stock, which reached a 52-week high of $16.80, fell under $1.25 on November 19.
- Companies:
- Valassis
- People:
- Alan Schultz
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