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Report: J.C. Penney slashed 43,000 jobs in one year
New York -- J.C. Penney Co. has 43,000 less workers at the end of its most-recently completed fiscal year (February 2, 2012) than it did a year ago, according to a report filed Wednesday with the Securities and Exchange Commission, the New York Post reported.
The company finished its fiscal year with 116,000 full-time and part-time employees, down from 159,000 associates a year ago, the report said.