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Published: Friday, 11/7/2008

La-Z-Boy to cut jobs, close 15 to 20 stores

MONROE - La-Z-Boy Inc. said yesterday it will cut 850 jobs, or 10 percent of its work force, and close 15 to 20 La-Z-Boy Furniture Galleries stores.

Kathy Liebmann, director of investor relations for La-Z-Boy, said the job cuts will take place across the company and will include hourly and salaried employees at manufacturing plants, corporate headquarters, and warehouses. She did not give specifics.

She also said decisions on which stores will close will be made within four months. Most will be dealer-owned and a few will be company-owned, she said.

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