Circuit City Outsources Jobs—to the USA!
In a move some industry analysts characterized as "an uncertain experiment that could backfire," Circuit City Stores, Inc, the nation's second-largest electronics retailer, laid off 3400 employees, about 8% of the company's workforce, on March 28 because they earned too much money. Company spokesperson Bill Cimino told <I>Bloomberg.com</I> that the jobs that were eliminated were paying "well above" market rates, adding that the fired employees can re-apply for their jobs at lower pay after a 10-week delay. Cimino declined to give the wages of either the fired employees or the wages being given to new hires. He said it would vary "depending on the market."