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Drug store group announces layoffs, consolidation

The National Association of Chain Drug Stores announced late Thursday it will lay off 15 of its 92 staff members—a 16 percent reduction in workforce—as a reaction to the sputtering economy and as part of long-term restructuring. In a media release, NACDS said the staff reduction falls within what the group terms a “1,000-day plan,” which began February 2007 and has already reorganized and restructured its communications and public policy departments. Current NACDS CEO Steven C. Anderson took office February, 23, 2007. The release said, “Although today’s announcement is part of a comprehensive and continuous alignment of NACDS’ resources … the nation’s economic conditions… Read More