Wednesday, May 19, 2010

Reed gives 177 in Oak Brook office layoff notice

The sales are over, and the layoffs begin. A local edition of the Sun-Times is reporting that 177 employees will be let go effective June 18 at RBI's Oak Brook facility.

The layoffs follow RBI's announcement that they would close 23 magazines in April, and the subsequent sale of some, but not all of the properties to their publishing management. Each of the units that did get sold went to start-ups, though HOTELS was then sold to Marketing & Technology Group of Chicago.