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HOFFMAN ESTATES, Ill. (AP) - Sears Holding Corp. plans a "mass layoff" of 250 workers at its headquarters in this Chicago suburb, according to a report filed with the state's Department of Commerce and Economic Opportunity.
The state defines a mass layoff as 250 or more full-time employees or at least 25 employees if they make up at least one-third of the employer's work force. According to a 2004 state law, employers with at least 75 full-time workers must give 60 days notice to workers and the state of mass layoffs or a plant closing.
Sears Holding, which was created last week through a $12.3 billion acquisition of Sears, Roebuck and Co. by Troy, Mich.-based Kmart Holding Corp., filed the report this week. The notice was posted on the department's Web site Thursday.
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