Business & Tech
Cosi Job Cuts Loom as CEO Resigns
Deerfield-based Cosi operates more than 100 restaurants.
Restaurant operator Cosi, based in Deerfield, announced plans to reduce its administrative workforce for an annual savings of about $1 million, according to TheRepublic.com. There's no word on how many positions will be lost.
The news comes on the heels of the announcement that Cosi CEO Carin Stutz had resigned and was replaced by Executive Chairman Stephen Edwards, reported wandtv.com.
Shares of Cosi stock were $ as of, according to their website,www.getcosi.com.
http://phx.corporate-ir.net/phoenix.zhtml?c=131610&p=irol-IRHome
Cosi was founded in 1996 as one restaurant based on a small Parisian Café. Today the company has more than 100 restaurants in 16 states and the District of Columbia.
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