Whole Foods to Eliminate 1500 Jobs

28 Sep 2015 | Author: | No comments yet »

Whole Foods Market Rating Reiterated by Deutsche Bank (WFM).

NEW YORK — Grocery chain Whole Foods is cutting about 1,500 jobs, or 1.6 percent of its workforce, over the next eight weeks as it looks to lower prices and keep up with competition. Deutsche Bank reaffirmed their hold rating on shares of Whole Foods Market (NASDAQ:WFM) in a report released on Tuesday morning, Analyst Ratings.Net reports. It anticipates workers whose jobs are cut will find other jobs from the almost 2,000 open positions across the company or from new jobs that’ll be created by more than 100 new stores in development. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The offices of the Firm are supported by its headquarters, regional offices, distribution centers, bakehouse facilities, commissary kitchens, seafood-processing facilities, meat and produce procurement centres, and a specialty coffee and tea procurement and roasting operation.

The Firm’s product selection includes grocery, meat, seafood, bakery, prepared foods and catering, coffee, tea, beer, wine, cheese, nutritional supplements, vitamins, body care, and lifestyle products including books, pet products, and household products.

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