Domino’s to sell stores, cut jobs

According to a news report from detnews.com, “Domino’s Pizza Inc., the second- biggest U.S. pizza chain, has agreed to sell 60 restaurants to franchisees and employees, the company announced Tuesday.”

“Domino’s also will eliminate 55 jobs as part of a cost-saving program,” said the story. “The sales will result in proceeds of $20 million, Ann Arbor-based Domino’s said Tuesday in a filing with the U.S. Securities and Exchange Commission. The company said it will eliminate jobs in its marketing, administrative and operations divisions.”

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