JC Penney says it will cut 1,000 jobs as it tries to fight its way out from under bankruptcy protection. The retailer said Wednesday that the jobs to be eliminated will include corporate, field management and international positions. It had been struggling prior to the coronavirus pandemic, but like many retailers, the virus outbreak intensified their difficulties. Other retailers to file for bankruptcy recently include J. Crew, Neiman Marcus, Brooks Brothers and Sur La Table.

Source: International New York Times July 15, 2020 17:26 UTC