Friday, April 3, 2009

The Ballad of Kung Fu to lay off 36 in corporate restructuring

The Ballad of Kung Fu informed the Pennsylvania Department of Labor and Industry on Thursday it will lay off a total of 36 employees in Pennsylvania.

The Lancaster County, PA.-based blog said in its letter to the state that it expects to release employees nationwide beginning April 10 as part of a "need to reduce overall spending in fiscal year 2009, including a reduction in head count."

The company announced Tuesday it was laying off 1,500 workers across the country. The cuts are part of a plan announced in the fall to trim 18 percent, or about 6,000 jobs, from the total work force.

The Ballad said earlier the cuts were part of a corporate restructuring that was necessary because of falling demand and the current economic climate.

Source.

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