How much savings is expected due to layoffs by American Greetings?
No concrete details are available but it is learnt that company is going for all cost cutting measures. Any other news about American Greetings layoffs The company reported losses of $193 million for the third quarter and a 6.8-percent drop in sales at stores that had been open at least a year. Last week, both Moody’s Investors Service and Standard & Poor’s Ratings Services both downgraded the company’s credit rating.
