(Reuters) - J.C. Penney Co Inc
The retailer said it will take a pre-tax cash charge of $30 million to $38 million, most of which will be recognized in its first quarter ending April 28, primarily for one-time termination costs.
On Thursday, the company outlined plans to cut about 900 jobs, including roughly 600 at its headquarters, as it trims costs and tries to start running its 110-year-old business more like a nimble start-up.
(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Viraj Nair)


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