7-Eleven Confirms Layoff of 200

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7-Eleven Confirms Layoff of 200

DALLAS -- 7-Eleven cited "unprecedented challenges" that have caused consumers to curb their spending, and the falling economy as reasons why it will reduce its U.S. and Canadian workforce by approximately 200 positions, or 10 percent of its non-store, non operations workforce.

The company acknowledged in a statement "While 7-Eleven Inc. has fared better than many other retailers, we have not been immune to the slowdown of the economy."

All employees affected by the layoffs will receive support and assistance such as severance and outplacement services, the company stated. 7-Eleven will retain approximately 2,000 positions in the non-store, non-ops workforce in U.S. and Canada, a company spokesperson told CSNews Online.

In addition, company management made other decisions to minimize further job loss for 2009, which include a suspension of merit increases, suspension of 401(k) matches in the U.S. and a reduction of incentive compensation for most positions, the company stated.

Despite the challenges and the reduction, 7-Eleven said it "intends to continue to grow its store base while actively managing costs and providing the product assortment that customers need."