Layoffs, Store Closures Mount but Saks Global Sees End to Bankruptcy Ahead

Layoffs, store closures mount but Saks Global sees end to bankruptcy ahead

The retailer will cut 1,200 jobs and close more than a dozen stores by May as it restructures billions in debt.

Saks Global slashes 1,200 jobs after luxury retail giant files for bankruptcy

Saks Global -- owner of luxury stores including Saks Fifth Avenue and Neiman Marcus -- is cutting over 1,200 jobs as it shutters more than a dozen locations nationwide following its bankruptcy filing earlier this year.

Saks Global Announces 1,200 Job Cuts Amid Bankruptcy Restructuring

Saks Global plans 1,200 job cuts and 15 store closures as part of its bankruptcy restructuring.

Bankruptcy Fallout: Saks Announces 1,200+ Job Cuts

As the high-end retailer starts to shutter stores around the country, Saks Fifth Avenue will lay off over 1,200 workers. This is a pre-filing phase in the restructuring process that will take place after this year's Chapter 11 bankruptcy. Several WARN (Worker Adjustment and Retraining Notification) applications made in March link the layoffs to a string of store closures scheduled for May. Therefore, indicating long-term employment declines in a…