Circuit City will shift managers from stores with low sales to busier locations, reducing about one manager from each of its 654 stores, the Journal said, citing an interview with chairman and CEO Philip Schoonover.

Another 200 jobs will be eliminated at its Richmond, Va., headquarters.

Circuit City had 46,082 employees as of late February.

In March, the company said it would replace about 3,400 store employees with lower-paid staff and also close about 65 stores.

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Stock %Chg Industry Mkt Cap Circuit City $4.02 +2.03% Consumer Elec. & Entertainment $676.8M Quote data as of: 03/31/2008 11:56 AM