Kohl's to eliminate 250 positions
MENOMONEE FALLS, Wis. (CBS 58) -- Kohl's announced they are eliminating 250 positions.
The announcement was made Wednesday, Feb. 12.
Jen Johnson, Kohl's SVP of Communications, said the reorganization within the business will empower decision-making, reduce management layers, streamline communications and drive greater efficiency.
John said the departures include removing a layer of regional store leadership roles and positions, restructuring teams in our merchant organization, and changes to other positions in our corporate offices. We put a great deal of thought and planning into this decision and have offered a competitive severance package and outplacement services to help all affected associates as they transition to their next step. We deeply thank these associates for their contributions and years of service at Kohl’s.
"It is important to note that Kohl’s is in a position of financial strength," the statement reads. "We are not closing any stores or corporate offices and we are continuing to hire in key areas. The company is also continuing to invest in many areas of the business including our stores, technology and strategic growth initiatives. The organizational changes we’ve made are driven by the evolution of our strategic business priorities to create a more agile and empowered organization to support our long-term sustainable growth."