RadioShack announced plans late Thursday to slash its work force by 400 to 450 people in an effort to reduce overhead and improve its long-term marketplace position, the company said Thursday.
Most of the job cuts will affect positions at RadioShack's Fort Worth, Texas, headquarters.
The exact number of cuts has not been determined but the cuts will include employees at all levels and across various support functions.
RadioShack (NYSE: RSH) said it will notify affected employees in early September.
Earlier this year the electronics retailer announced a turnaround plan designed to lower overhead costs, grow profitable square footage and increase average unit volume.
Since the plan was unveiled in February, RadioShack has closed 480 underperforming stores, consolidated its distribution centers, begun a cost restructuring program and liquidated end-of-life merchandise to make room for a new product assortment. The company also laid off about 300 workers at that time, including employees at its distribution center in Memphis.
The company has more than 6,000 stores nationwide.
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