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Loblaw Companies Ltd To Cut 700 Head Office Jobs; Sees FY 2012 Charge Guidance-DJ
Dow Jones reported that Loblaw Companies Ltd plans to cut about 700 management and administrative jobs at its Brampton, Ontario head office over the next three weeks to cut costs. The Company will take a charge of about CAD60 million ($61.2 million) in the fourth quarter of 2012 in connection with the job cuts.
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