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Walgreens cuts pay for hourly store workers after $10 billion buyout

Walgreens cuts pay for hourly store workers after $10 billion buyout

The storied American drugstore has struggled in recent years, leading the business to cut spending and eventually sell itself outright.

Walgreens will no longer give many of its retail workers paid vacation time for Thanksgiving, Christmas and other major holidays, as the company looks to cut costs under new owners.

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Walgreens didn’t respond to requests for comment. Sycamore declined to comment.

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