JCPenney furloughs a majority of its hourly employees

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JCPenney (JCP) is the latest major retailer to furlough thousands of employees, joining Macy's, Kohl's and the Gap.

The department store said that it has made the "difficult decision to temporarily furlough the majority of store hourly associates." JCPenney also said that a "significant portion" of its corporate employees will also be placed on leave. The company had about 90,000 employees as of February 1.

Affected employees will continue to receive the company-provided healthcare.

At JCPenney, we are making tough, prudent decisions to protect both the safety of our associates and the future of our company," CEO Jill Soltau said.

The company also said its stores remained closed. However, its website is still operational for orders.

 

 

 

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