KNOXVILLE, Tenn (WVLT) Knoxville-based Goody's Family Clothing, Inc., is cutting it's home office workforce by 5% and realigning it's field support staff according to a news release issued by the company Wednesday evening.
According to Chuck Turlinski, chief executive officer of Goody's, "The reorganization and realignment of our field and home office support functions are consistent with our priorities to create a more responsive and cost-effective organization that will help us achieve our 2008 financial goals. We regret that the reduction in workforce is a necessary step toward achieving our objectives, and we are assisting those individuals who have been affected by today's events."
The news comes just two weeks after Goody's announced the receipt of $65 million in investor funding.
Turlinski further stated, "Every effort in this realignment process has been made to ensure that we continue to maintain the same high standard of service levels to our customers."
Based in Knoxville, Goody's operates 378 stores in the 21 states.