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Posted: Tuesday, 07 October 2008 6:19AM
Foxwoods CEO Loses Job; More Layoffs Ahead
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MASHANTUCKET, CT (AP) -- The tribe that runs Foxwoods Resort Casino says its chief executive officer is among 700 people losing their jobs because of cost-cutting.
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The Mashantucket Pequots say Patricia Irvin's last day as CEO was Friday. Irvin, a former Wall Street attorney and Pentagon official, was hired less than a year ago.
The tribe says about 700 workers will be laid off by Oct. 17, part of a plan to cut costs in the lackluster economy.
The CEO duties will be shared between the tribe's acting president and the general manager of its MGM Grand facility.
In a statement released by the tribe, Irvin said she admires the tribe for its accomplishments and wishes it good luck in the difficult economic climate.
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