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Valpak has cut 79 positions, or 6% of its workforce, because of a lower projected volume for 2009.
Affected employees will be offered severance packages, paid benefits continuation and outplacement services.
“This was a very difficult decision for us, but given the economic forecast, it is necessary to ensure Valpak performs well during this current recession,” said CEO Greg Bicket, in a statement.
These cuts were made across all levels, affecting employees at both its St. Petersburg and Largo, FL operations, according to wire service reports.
