FORT WORTH, Texas – NBC 5 in Dallas reports RadioShack filed Worker Adjustment and Retraining Notification letters with the Texas Workforce Commission in Austin Thursday.
According to WARN letters, Radio Shack will close their downtown Fort Worth headquarters facility and multiple Fort Worth distribution facilities and intends to lay off more than 1,000 workers if RadioShack can't find a buyer by March 13, 2015.
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The Fort Worth-based company has suffered from years of losses.
RadioShack Corp. introduced the first mass-market personal computer and used to be the go-to stop for consumers' home electronics needs. But it struggled as shoppers increasingly shifted to making purchases online and growth in its wireless business slowed.
The New York Stock Exchange suspended trading of its shares on Monday and sought to delist it.
RadioShack had warned of a possible bankruptcy in September, but received rescue financing that kept it afloat. Still, its CEO recently cautioned the chain might not be able to find a long-term plan to stay in business.