Layoffs at Famed Jeweler Borsheim's
By JCK Online Staff -- JCK Online, 6/10/2009 12:58:00 PM
Warren Buffett-owned Borsheims, the famed luxury retailer based out of Omaha, Nebraska, recently laid off 13 workers, according to a report on CNBC.
It now has 267 workers.
These are the first layoffs in the company’s 139-year history.
CNBC quoted Borsheim President Susan Jacques as saying: "The loss of our staff members is devastating. This is the absolute last thing we wanted to do. While we are hopeful that we might see signs of an economic recovery in the fourth quarter of 2009, we had to make extremely difficult decisions out of a fiduciary responsibility to Berkshire Hathaway and its shareholders to continue to remain profitable despite these challenging times.”
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