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JC Penney Layoffs Target Some Permanent Staff -NY Post

DOW JONES NEWSWIRES In addition to its expected layoffs of thousands of seasonal workers, J.C. Penney Co. (JCP) will make cuts to its permanent staff at almost all of the retail chain's 1,200 U.S. stores, the New York Post reported Monday, citing sources. The move is part of a broader restructuring initiative. Earlier this month, the company announced that it would be closing some stores and consolidating its support operations, Dow Jones Newswires reported. Penney's two largest shareholders, Pershing Square Capital Management head William Ackman and Vornado Realty Trust (VNO), are said to be pressing Chief Executive Ron Johnson, who is credited with establishing Apple Inc.'s (AAPL) retail strength, to slim down the operation, the Post reported. Full story at http://www.nypost.com/p/news/business/penney_pinchers_HM6H3lqDL0FlxTzaeqnSMN -Dow Jones Newswires; 212-416-2900

Stock News for Jc Penney (JCP)
DateTimeHeadline
02/08/201608:30:16JCPENNEY ENTICES MILLENNIALS WITH LAUNCH OF BELLE + SKY(TM)
02/05/201609:20:00J.C. Penney Exploring Sale of Texas Headquarters
02/05/201609:07:00J.C. Penney Exploring Sale of Texas Headquarters
02/05/201608:00:38JCPENNEY PURSUES SALE OF HOME OFFICE CAMPUS
02/03/201617:02:51Statement of Changes in Beneficial Ownership (4)
01/26/201616:42:20Amended Statement of Ownership (sc 13g/a)
01/20/201617:56:58Statement of Changes in Beneficial Ownership (4)
01/19/201619:52:00J.C. Penney to Sell Appliances Again -- Update
01/19/201617:20:00Home Depot Replaces Head of U.S. Stores Business
01/19/201611:00:00J.C. Penney To Sell Appliances Again
01/19/201609:00:08JCPENNEY EMBARKS ON A RETURN TO APPLIANCES
01/18/201619:50:00Penney Names Former Home Depot Executive as Head of Stores
01/18/201616:30:19JCPENNEY APPOINTS JOE MCFARLAND AS EXECUTIVE VICE PRESIDENT OF...
01/15/201617:06:37Current Report Filing (8-k)
01/07/201615:30:00Retailers' Sales Results Ease Some Concerns About Holiday Season
01/07/201615:03:00Retailers' Sales Results Ease Some Concerns About Holiday Season
01/07/201608:30:00JC Penney Reports 3.9% Rise in Sales
01/07/201606:55:34J. C. PENNEY COMPANY, INC. REPORTS HOLIDAY UPDATE AND PLANS TO...
12/31/201517:53:23Statement of Changes in Beneficial Ownership (4)
12/18/201516:53:42Initial Statement of Beneficial Ownership (3)

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