Penney cuts 600 workers, 13 percent of HQ staff

NEW YORK (AP) - April 5, 2012

The department store chain also will eliminate 300 additional associates at the Customer Call Center when it closes the center July 1.

The moves come as its new CEO, former Apple Inc. executive Ron Johnson, is transforming every aspect of its business, from pricing to the brands it carries.

The company had hinted that cuts would come when it told investors in January that it planned to reduce layers of management at its headquarters. Before the layoffs, the company had 4,400 employees at its headquarters.

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