NEW YORK — The Spiegel Group Inc. on Monday said that it will cut 635 jobs as part of its restructuring while operating under Chapter 11 bankruptcy court protection.

Bill Kosturos, interim chief executive officer and chief restructuring officer of Spiegel, said in a statement: "We are transforming and repositioning our business for future success. These initiatives are an integral part of the reorganization process and are key steps toward streamlining our business processes and operations in each division as well as across The Spiegel Group to reduce costs and enhance productivity."

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