Dollar General To Cut About 255 Jobs

(RTTNews) - Dollar General Corp. (DG) said that it is restructuring its corporate support functions to eliminate about 255 positions, as part of a broader initiative aimed at proactively improving efficiencies and reducing expenses. Substantially all of the eliminations are effective immediately.

The company currently projects that it will incur a pre-tax cash expense of approximately $7 million in the third quarter of 2015 relating to this restructuring for one-time severance-related benefits.

The restructuring includes approximately 115 vacant positions. All impacted employees have been notified. Positions at the store level will not be impacted by this restructuring.

Looking ahead to fiscal 2016, Dollar General expects to continue its expense control and reduction initiative by implementing a more rigorous budgeting process that will target cost savings in specific budget categories.

The company plans to report its third quarter 2015 financial results prior to the market open on December 3, 2015.