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JCP plans to close 33 stores by May
As part of its turnaround efforts, J. C. Penney will close 33 underperforming stores across the country. The move, which will result in the elimination of about 2,000 positions, is expected to result in an annual cost savings of approximately $65 million, beginning in 2014.
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NRLB files complaint against Wal-Mart
New York -- The U.S. National Labor Relations Board has filed a formal complaint charging that Wal-Mart Stores violated labor laws in 14 states by taking action against striking and protesting workers.
The NLRB said the retailer illegally fired, disciplined or threatened more than 60 employees in 14 states for participating in legally protected activities to complain about wages and working conditions.