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Toy maker Mattel targets 1,000 jobs
Friday, November 7, 2008
NEW YORK — Mattel Inc. said Thursday that it is cutting about 1,000 positions worldwide because of the economic downturn that is clouding the holiday outlook for toy makers.
The maker of Barbie, American Girl and Fisher Price products said the positions amount to 3 percent of its worldwide work force and will reduce its professional and management staff by 8 percent. The company said the cuts will not affect holiday toy production.
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