Toy maker Mattel to cut 1,000 jobs worldwide

LOS ANGELES: Toy maker Mattel Inc says it is cutting some 1,000 positions worldwide in response to the economic downturn.

The El Segundo-based company says the positions amount to 3 percent of its worldwide work force and will reduce its professional and management staff by 8 per cent.

It says the cuts will come from a combination of layoffs, attrition and retirements.