Hallmark dropping party wares, cutting 225 jobs
Tue, 05 Nov 2013 10:18:35 GMT —
Hallmark Cards says will eliminate at least 225 jobs by doing away with its party ware business and streamlining parts of its greeting card operation.
The Kansas City Star reports 125 to 150 jobs will be cut over the next 15 to 20 months by eliminating party wares, which Hallmark says weren't meeting revenue expectations. An additional 100 positions will be axed this year through streamlining.
Hallmark has about 3,200 employees in Kansas City and roughly 12,000 worldwide. It says the staff reductions will include severance packages for those who lose their jobs, while some workers may be reassigned to other positions within the company.