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Toy Maker Mattel Cuts 1,000 Jobs Worldwide

November 06, 2008

Mattel Inc. said Thursday it is cutting about 1,000 positions worldwide because of the economic downturn that is clouding the holiday outlook for toy makers.

Mattel, which makes Barbie, American Girl and Fisher Price products, among others, said the positions amount to 3 percent of its worldwide work force and will reduce its professional and management staff by 8 percent.

The company said the cuts will come from a combination of layoffs, attrition and retirements and will not affect holiday toy production. Read More



 
 
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