G&K Services Inc., which provides uniforms and facility services in Connecticut and other states, today said it eliminated 460 jobs, including 340 employees and 120 open positions, from its work force as it aims to trim costs amid weak demand.
The 340 layoffs account for about 4 percent of the Minneapolis company’s 9,500 employees. The company did not say whether any of the job cuts are in Connecticut.
G&K said it expects the cuts to save $14 million per year starting in the fiscal third quarter of 2009. The company said the announcement does not affect the company’s results for the second quarter of fiscal 2009 ended Dec. 27.
“While decisions to eliminate jobs are difficult, we’ve taken additional actions to further streamline our operating costs,” Richard Marcantonio, chairman and chief executive, said in a statement.
A company spokesman said the cuts took place on Thursday. The cuts are the latest in several rounds of cost cutting at G&K. In October, the company announced an undisclosed number of job cuts. At that time, the company posted a 90 percent drop in its first-quarter profit. (AP)
