JCPenney to slash about 1,000 jobs

J.C. Penney Co. Inc. will slash about 1,000 jobs in corporate, field management and international positions in connection with its organizational realignment, according to a news release addressing organizational restructuring. The Plano, Texas-based retailer (NYSE: JCP), which filed for Chapter 11 bankruptcy protection in May, has also identified 152 store closures and is negotiating with landlords, according to the announcement made on Wednesday.  The organizational restructuring is expected…