REUTERS

(REUTERS)

Office Depot to Cut 1,100 Jobs in Europe

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Office Depot Inc said it would eliminate about 1,100 jobs in Europe as part of a restructuring plan in the region.

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The company had 64,000 employees worldwide as of Jan. 25.

The office supply retailer said it expects the restructuring to reduce annual costs by about $90 million by the end of 2016.