Penney Announces 350 Job Cuts at Plano Headquarters | ~~~Global News World~~~ - 0 views
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macy macon on 12 Jul 12"Another round of 350 job cuts has been announced by J.C. Penney, reducing the headquarters workforce by nearly 30 percent. Penney's shares dropped nearly 8 percent Tuesday, showing that investors have lost faith in its new strategy. As J.C. Penney Co is struggling with a transformation, the workers of the department store chain are feeling the heat as its new CEO announced Tuesday another round of job cuts at its headquarters in Plano, Texas."