(Source:icv2.com)
Central Park Media is laying off workers in order to cut costs, the company announced.
"As our business has been significantly impacted by Musicland's bankruptcy filing, we are facing tightening sales conditions and are currently focusing on a cost cutting program which will structure the company for future growth without our largest customer," said CPM managing director John O'Donnell in a statement. "A number of very talented and dedicated employees have unfortunately lost their jobs through no fault of their own. CPM will be happy to assist these fine staff members find employment opportunities, so any company seeking experienced and professional employees are requested to email CPM at HR519@teamcpm.com for further details."
The move was not unexpected since CPM's biggest purchaser, the Musicland retail chain, had filed for bankruptcy in January. Trans World Entertainment bought most of Musiclands' assets in March.
