The cuts will impact corporate, field management, and international positions, JCPenney said in a news release.and the coronavirus pandemic "even stronger."
"The global health and economic crisis caused by the coronavirus pandemic has forced retailers to make difficult decisions," JCPenney CEO Jill Soltau said in a statement. "For JCPenney, that includes reducing our footprint and accelerating our store optimization strategy while we implement our Plan for Renewal."
The company said it will provide a benefits package to its departing employees, including severance for those eligible, healthcare coverage through COBRA for workers enrolled in benefits, outplacement support, compensation for unused paid time off, and extended discount benefits. "Each of these associates has made valuable contributions to the legacy of JCPenney, and we are truly grateful for their service," Jill Soltau said, referring to the laid-off workers. "These decisions are always extremely difficult, and I would like to thank these associates for their hard work and dedication. We are committed to supporting them during this period of transition."Get a personalized selection of top stories daily based on your preferences. Sign up now.
How much was their govt money?
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
Calvin Klein, Tommy Hilfiger owner PVH cuts 450 jobs, closes stores - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 😳😳😳😰😰😰😰 They’ll all rebound later. That’s business. Meanwhile, middle class and those in the poverty line should be taken care of gov’t.
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
Wells Fargo prepares to cut tens of thousands of jobs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Wells Fargo should have been shuttered long ago.
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
Burberry plans 500 job cuts globally, 150 in the UK - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The pandemic has pushed the digital economy to the forefront, the gradual change that was anticipated has become an almost unstoppable force and some job losses are a direct result Burberry has been a classic brand since the 1850s. Sad to hear!
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
Business Insider's best investing stories of the week ended July 14 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
Business Insider webinar with one-click checkout startup Fast - Business InsiderJoin us today at 1:30 p.m! Business Insider payments reporter Shannen Balogh will speak with Domm Holland, Fast's co-founder and CEO, about how he came up with the idea for the company and Jan Hammer, general partner at Index Ventures. This is DOA
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »