Dollar Tree Inc. (DLTR) has just announced plans to shut down the Family Dollar headquarters facility in Matthews, NC and consolidate 700 jobs into their Chesapeake, VA headquarters.
The Dollar Tree purchased Family Dollar and all assets, including their Matthews headquarters, early last April from Sycamore Partners. They have since been working to consolidate both brands under one banner.
“Leadership from both banners has continued to work together to integrate our two organizations and invest in future growth,” Dollar Tree’s Chief Executive Officer Gary Philbin said. “By bringing our teams together into one location, we will further improve our ability to support our stores more effectively through enhanced collaboration, communication, and teamwork. The completion of our expanded headquarters in Virginia will facilitate the most important phase of the integration and we are excited about the opportunities ahead for the Dollar Tree and Family Dollar banners.”
Philbin noted that they have offered 700 of the 900 Matthews employees the chance to keep their jobs and relocate to VA.
“We are eager to welcome all associates relocating to the Chesapeake area to participate in, and benefit from, the company’s next phase of growth.”
The other 200 employees will be laid off when the headquarters facility closes in the coming months.
The Family Dollar distribution center in Matthews will remain open for the time being.