Federated Plans to cut About 6,200 jobs

Federated Department Stores Inc. announced in July that 330 stores operated by The May Department Stores Co. will be converted to Macy's. Now Federated announced it plans to cut about 6,200 jobs beginning in 2006, including 1,700 in St. Louis at the Corporate Offices of May Department Stores. Beginning in March about 4,500 positions will be eliminated as they take out stores in different cities. The spokesman for Federated said the company started a program to talk with the affected employees and try to find other positions for as many as possible with Federated. Do you believe Federated as an obligation to help these employees that will be losing their jobs and do you think that Federated will follow through and help these employees?