The Dallas Morning News reports the 200 jobs being eliminated are in Dallas corporate and other non-store operations throughout the U.S. and Canada, and represent 10% of the company’s non-store workforce. The company said those losing their jobs will be provided severance and outplacement services.
In addition, 7-Eleven management told employees Thursday it is suspending merit pay increases and reducing incentive compensation for most positions.
7-Eleven joins a growing number of companies announcing match contribution suspensions to reduce costs in the down economy. (see “Eddie Bauer Suspends Match’ and “Another Media Company Takes 401(k) Match Suspension Route’).