Originally Posted by Dejavu

GARTON ANNOUNCES ORGANIZATIONAL CHANGES IN SPECIAL EAGLEWIRE
In a Special Eaglewire issued earlier today, American Eagle President and CEO Dan Garton announced that Eagle has begun implementing a management restructuring, which will reduce management headcount by 10 percent over the next several months. This includes a 15 percent reduction among officer positions. “These changes will increase efficiency and accountability throughout our management team and position us to more successfully manage our business as we emerge from the restructuring process in the months to come,” said Garton. The majority of these changes will occur immediately, while some changes will occur at a later time. Cost savings targets were set for each workgroup, including management and support staff, which together have a target of $7 million in savings. Read the complete Special Eaglewire on Jetnet.


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