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Hasbro Cutting 170 Jobs

Posted By Dustin on March 10, 2012

"(Reuters) - Hasbro Inc (HAS.O) is cutting about 170 jobs as the second-largest U.S. toy company tries to recover from sluggish sales during the holiday season.

Eighty-two percent, or 140, of the job cuts are in the United States, according to company spokesman Wayne Charness, including "about 55" in Rhode Island where Hasbro is based.

"These moves were made to address both the under-performance in the U.S. and Canada segment, and the need for different skill sets in the company's workforce to be better aligned with a quickly evolving business," Charness said."

Read more here!

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