Gibson Lays Off Staff In Nashville Custom Shop

Up against a debt deadline the troubled music company is also looking to shed some of the consumer electronics brands it acquired in recent years.
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While only 15 jobs were eliminated this go-round, more cuts would not be unexpected.

"Gibson CEO Henry Juszkiewicz said the staff reductions are 'part of broad initiative throughout the company to prepare for our refinancing,' which calls for Gibson to retire $375 million in five-year senior secured notes before July 23."

The Nashville Post has the story.

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