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KOHL’S REPORTS JOB LOSSES

JOB LOSSES FEAR IN BANGALORE’s GARMENT SECTOR

Kohl’s Corp. (KSS) disclosed in a regulatory filing  that it reduced corporate jobs by about 15%, as it looks to save cash due to the business impact resulting from the COVID-19 pandemic.

The company expects the job cuts will save it about 65 million dollars per year.Together with its February 2020 restructuring actions, the company expects to save more than 100 million dollars per year..

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