J.C. Penney Cuts Jobs and Closes 33 Stores, Including Hazelton

This week, J.C. Penney announced it was cutting 2,000 jobs and closing 33 stores, including one in Hazleton in the Laural Mall. A total of 3 stores will be closed here in Pennsylvania, including a store in Exton and another in Washington, PA.

According to an article on CNN.com, the store closings are an effort to get control of expenses. The closing should be completed by May.

The article explained that Penney’s stocks have fallen 60% in the past year. Penney’s annoucement follows an announcement last week by Macy’s, that is laying off 2,500 workers and closing five stores.