Layoffs and Retailers and Department Stores and Employment and Retail and Real Estate & Retail

J.C. Penney closing distribution center, laying off 230

July 2, 2012

J.C. Penney Co. Inc. plans to close its Plainfield distribution and support center and lay off 230 workers, company officials said Monday morning.

The retailer informed the state it will lay off 121 employees on Sept. 8, followed by the layoff of 30 more workers a week later and the remainder by the end of September.

The distribution center opened in 2002 at 700 Airtech Parkway near the Indianapolis International Airport.

J.C. Penney officials said the company intends to offer severance benefits and transition programs, including outplacement services to employees who are eligible under the company’s policies. Officials told IBJ a total 230 workers will be affected; just 176 were mentioned in the notice filed with the state Department of Workforce Development.

The retailer lost $163 million in its latest quarter and suffered a 20-percent drop in revenue after rolling out a new pricing strategy that did away with frequent sales.


 

ADVERTISEMENT

Recent Articles by IBJ Staff

Comments powered by Disqus