Ax Falls on 300 L.L. Bean Workers

(Catalog Age) Despite double-digit sales increases in December, L.L. Bean announced that it will lay off as many as 300 staffers during the next two months.

In November, the apparel and outdoor gear cataloger had offered an enhanced early-retirement package to more than 500 employees. As of last month, roughly 200 workers had accepted the offer. L.L. Bean employs 4,300 year-round employees.

The laid-off employees will receive four weeks pay plus an additional week