L.L. Bean Inc. plans to lay off 200 to 240 workers in Maine due to poor sales results, reported the Associated Press (AP).
In a letter to its 5,400 employees Friday, the retailer said the voluntary retirement incentives it tried to enforce in February were not sufficient enough to avoid job cuts.
According to the AP, employees who will lose their jobs will be notified beginning at the end of next week. In addition to the Maine cuts, L.L. Bean predicts there will be around a dozen layoffs at retail and outlet stores over the next few weeks.
