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Join Date: 27 Apr 2010
Location:  KuwaitPosts: 303 |
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H&R Block cuts 400 jobs, shuts 400 stores |
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KANSAS CITY, Mo. (AP) -- H&R Block Inc. said Wednesday it will trim 400 jobs and has shut 400 underperforming locations as it seeks to reduce costs.
The tax services provider expects the cuts in its field and corporate support organization will cut annual operating costs by $140 million to $150 million by the end of fiscal 2012. H&R Block will book a pretax charge of about $28 million, primarily in its fiscal first quarter ending in July, to cover severance costs. It employs about 133,700 workers overall. |
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