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The Detroit Free Press reports that as it continues to move toward its planned emergence from bankruptcy protection in April, Kmart will lay off about 1,000 employees from its Troy, Michigan, headquarters.

The layoffs are scheduled for mid-April, and are part of the company’s reorganization plan, which is scheduled to be amended and resubmitted to the bankruptcy court this week.

The paper also reports that there is speculation that Kmart plans to sell its headquarters building. There used to be some 5,000 people employed there, but with the new layoffs that will leave fewer than 2,000 employees inn the building, which could fetch as much as $24 million in the real estate market.
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