Reuters: Starbucks to cut up to 12,000 jobs, close 600 stores

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Starbucks to cut up to 12,000 jobs, close 600 stores
      

LOS ANGELES (Reuters) - Starbucks Corp said on Tuesday it plans to close 600 underperforming U.S. stores and cut up to 12,000 full- and part-time positions, as it copes with an economic downturn and increasing competition.
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