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It was a little over a year ago that Men’s Wearhouse and Jos. A. Bank ended months of contentious courtship and merged, with Men’s Wearhouse acquiring the smaller clothing chain for $1.8 billion. Now, the honeymoon is over, and Men’s Wearhouse is laying off or transferring some employees at Jos. A. Bank HQ in Hampstead, Maryland.
by Laura Northrup via Consumerist
(Xurble)
It was a little over a year ago that Men’s Wearhouse and Jos. A. Bank ended months of contentious courtship and merged, with Men’s Wearhouse acquiring the smaller clothing chain for $1.8 billion. Now, the honeymoon is over, and Men’s Wearhouse is laying off or transferring some employees at Jos. A. Bank HQ in Hampstead, Maryland.
Men’s Wearhouse plans to lay off 122 employees and move many of the positions currently based in Maryland to Men’s Wearhouse offices in New York City and in Fremont, California. Shortly after the merger in June of last year, there were 778 employees at the Jos. A. Bank headquarters. A spokesperson told Baltimore Business Journal that there will be an estimated 450 employees left after the layoffs and restructuring are done.
Men’s Wearhouse plans to keep Jos. A. Bank’s HQ in Hampstead — but with far fewer workers [Baltimore Business Journal]
Report: Jos. A. Bank lays off 122 headquarters employees [Chain Store Age]
by Laura Northrup via Consumerist
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