Job cuts at

Bookseller is to cut over 1,300 jobs to improve

The Internet company claims that no jobs will be lost in the
UK. The company lost £60m last year, despite record sales during the last
quarter of 2000.

“While the strength of consumer spending remains uncertain,
and there are no guarantees, we expect as a whole to be reach
profitability in the fourth quarter of this year,” said Warren Jenson,’s chief financial officer.

By Paul Nelson

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