Thomas Nelson confirms job losses in US

<p>US Christian publisher has become the latest US publisher to cut jobs, making a second round of redundancies this year. Fifty-four jobs, about 10% of the workforce, are to go, effective this Friday. </p><p>Michael Hyatt, c.e.o. of the group said the departures would affect nearly every department in the<br />company, and put the blame on the economic crisis. </p><p>Writing on his blog, Hyatt said: &quot;As recently as 19th September, I assured our employees that we were not planning another reduction in our workforce. It was not even a remote consideration. But the final September and October sales reports changed that. I don&rsquo;t think I need to elaborate on the global<br />financial crisis. I&rsquo;m not an economist, but I do know that whatever is happening has had a very adverse effect on retailers, including booksellers.&quot;</p>