Starbucks Corporation said Tuesday it planned to fire 12,000 employees and close 600 stores in the United States.
The move would be taken to reverse declining customer visits, said Seattle-based Starbucks, the world's largest chain of coffee shops.
The job reductions, which amount to about 7 percent of the company's workforce worldwide, will include full- and part-time employees at the chain's U.S. stores, Starbucks said in a regulatory filing.
Starbucks, headed by Howard Schultz since January, has slowed its expansion in the U.S. after doubling the number of stores in the past four years.
Starbucks' sales slowed and earnings dropped in the second quarter due to declining visits by cash-strapped customers facing record gasoline prices.
Source:Xinhua
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