Borders Books' Unhappy Ending: 10,700 Employees Losing Jobs


It looks like the final chapter has been written on Borders bookstores. After price slashing and downsizing and countless "Store Closing" sales, the last word is that the venerable bookseller is asking the bankruptcy court to accept a liquidation bid from Hilco and Gordon Brothers. That means the 399 stores will be closed and around 10,700 employees will lose their jobs.