Federated adding 250 positions to corporate operations in Greater Cincinnati.CINCINNATI--(BUSINESS WIRE)--Feb. 27, 1995--Federated Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , Inc. today announced an increase in staffing at its Cincinnati corporate headquarters and other area offices is a result of the company's merger with Macy's, as well as the ongoing consolidation of corporate support functions across Federated Connected and treated as one. See federated database and federated directories. . The moves will add approximately 250 positions to the company's total area employment, raising the number of new jobs created by Federated in Greater Cincinnati to more than 2,600 over the last five years. These new positions will bring the company's total area employment to approximately 5,900 at its corporate office, consolidated credit and accounting support operations, and Lazarus stores and distribution center. Included in the additional staffing are: o Approximately 50 positions at Federated's corporate headquarters in downtown Cincinnati, which are now being filled to handle additional work loads in divisional accounting, tax, internal audit, cost control, treasury and planning, risk management, law and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. functions. The addition of these positions will increase Federated's downtown-based corporate office staff to approximately 450, about 150 more than 18 months ago. o About 100 positions that are being relocated from Atlanta to Federated's consolidated accounts payable office, located on Kemper Road in Sharonville, over the next several months. This represents a consolidation of the Macy's East accounts payable function into the group that handles similar duties for other Federated divisions. The centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. accounts payable organization -- established in 1993 -- now employs about 300 persons here. o As many as 100 positions being added at Federated's Financial and Credit Services (FACS FACS Fellow of the American College of Surgeons. FACS abbr. Fellow of the American College of Surgeons FACS fluorescence-activated cell sorter. ) group, located in Mason. These new positions will be needed to handle benefits processing and payroll for Macy's, which previously was handled primarily by outside resources in various other parts of the country. This addition to FACS -- the latest in a rapid series of expansions since its formation in 1989 -- brings the Federated support division's total area employment to about 2,200. A majority of the new positions are being filled from the Greater Cincinnati workforce, as well as by Lazarus employees whose positions are being eliminated as the Lazarus and Rich's/Goldsmith's division central offices are consolidated in Atlanta. ``Cincinnati is our hometown home·town n. The town or city of one's birth, rearing, or main residence. Noun 1. hometown - the town (or city) where you grew up or where you have your principal residence; "he never went back to his hometown again" ,'' said James M. Zimmerman, Federated president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . ``We are adding jobs to our corporate operations here, as we have said that we would as corporate needs arise, and we expect to identify other opportunities to further job growth here as Federated grows and develops in the future.'' Federated, with corporate offices in Cincinnati and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is one of the nation's leading department store retailers, with annual sales of more than $14 billion. Federated currently operates 355 department stores in 35 states under the names of Abraham & Straus, Bloomingdale's, The Bon Marche, Bullock's, Burdines, Goldsmith's, Jordan Marsh Jordan Marsh was the name of a Boston, Massachusetts-based department store. Founded in 1841 and eventually part of Allied Stores and then Federated Department Stores; in 1996, the last of the Jordan Marsh stores were renamed Macy's. , Lazarus, Macy's, Rich's and Stern's. The company also operates more than 125 specialty and clearance stores nationally. CONTACT: Federated Department Stores, Inc., Cincinnati Media - Carol Sanger, 513/579-7764 Investor - Susan Robinson, 513/579-7780 |
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