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[LINTA] Liberty Media Holding Corporation

Symbol: LINTA

11/12/2008 05:40pm
Liberty Media Holding Corporation QVC Implements Initiatives to Improve Performance and Support Long-Term Growth Plans; To cut a net of 700 workers (5.8% of US workforce)

- QVC to simply its management structure and this move will result in 160 job cuts
- To makes changes at some of its plants which will result in 500 job cuts
- Announces customer service changes that will result in 250 job cuts.
- In total the company plans to cut about 900 jobs over the next 14 months, offset by the creation of about 200 new positions.


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