http://news.yahoo.com/s/nm/20080701/...y_JqrYTHmb.HQA
Starbucks to cut up to 12,000 jobs, close 600 stores
Starbucks Corp (SBUX.O) said on Tuesday it plans to close 600 underperforming stores and eliminate as many as 12,000 full- and part-time positions....
The company, which has been grappling with the slowing U.S. economy and consumer spending at the same time that major competitors like McDonald's Corp (MCD.N) have begun attacking its core business, now plans to close a total of 600 underperforming stores by the end of March 2009.
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