The Gemological Institute of America announced today that it is cutting 71 employees from their Carlsbadistan office in a nine percent cut across the company according to a story on National Jeweler.
A GIA spokeswoman said the cuts, announced on Wednesday, would impact 103 GIA employees in the United States, 71 at the company’s Carlsbad, Calif., headquarters and 32 at its New York offices. . . . The GIA employs a total of 1,143 workers in the United States. . . . In addition, all salaried employees will take a pay cut of up to 20 percent, while hourly employees will lose workdays. . . .The company’s pension plan is frozen, the spokeswoman said.
This comes after the cutting 11 percent of their staff in December. Pretty soon there will be nothing left to cut.
[Link: National Jeweler]
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