J.C. Penney to Layoff Thousands

DALLAS – J.C. Penney plans to cut thousands of jobs nationwide as part of a restructuring.

The Plano-based department store said the layoffs will affect mostly seasonal workers and those involved with reticketing merchandise.

The move is part of a massive overhaul led by new CEO and former Apple executive Ron Johnson.

Johnson’s plan for transforming the company will be outlined later this week at a two-day presentation in New York City.

Earlier this month J.C. Penney lowered its fourth-quarter profit outlook.
 

Article source: http://www.myfoxdfw.com/dpp/news/J.C.-Penney-to-Layoff-Thousands-012312

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Filed under: Daily Layoffs News

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