OfficeMax to Cut 2,700 Management Jobs

Naperville, Ill. OfficeMax Inc. said that it plans to eliminate 2, 700 positions in an effort to streamline operations, according to the Chicago Tribune.

The company will be cutting half of its assistant managers and two-thirds of its store supervisors.

OfficeMax is also creating new, lower-paid "specialist" positions on the selling floor in larger stores to take up some of the slack, the report said. These specialists will concentrate on more complicated products, such as office furniture and technology.

OfficeMax expects the process to be complete by the end of the June.