Pep Boys to cut 50 jobs

Pep Boys - Manny, Moe & Jack plans to eliminate about 50 jobs, or 11% of its store-support work force.

The move is part of a $20.1 million cost-reduction program that also includes a salary freeze and a spending cut.

Pep Boys has recorded a related pretax charge of about $0.6 million in the fourth quarter.