BLOOMINGDALE - Wednesday, J.C. Penney Department Stores announced it would be laying off 2000 workers and closing 33 stores nationwide. Two stores of the 33 J.C. Penney will be closing are located in Illinois:
The cuts announced Wednesday should save more than $65 million annually. The company will take $26 million in pretax charges in the third quarter and $17 million in future quarters. Penney has 116,000 staffers and operates more than 1,100 stores. All the job cuts are related to the store closings.