HASBRO OUTLOOK
January 25, 2013 11:00 pm
• Last Updated: January 25, 2013 10:42 pm
JOB CUTS: Toy maker Hasbro plans to cut about 10 percent of its workforce and consolidate facilities to reduce expenses. The company has about 5,500 employees worldwide.
HOLIDAY SOFTNESS: Hasbro said fourth-quarter revenue failed to meet expectations due to weaker-than-expected sales over the holidays.
COST SAVINGS: Hasbro has created a plan to deliver $100 million in annual cost savings by 2015.
- The Associated Press
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