Dollar General To Cut 255 Jobs As Part Of Corporate Restructuring

Dollar General Corp. will cut 255 jobs as part of a corporate restructuring, effective immediately, according to a release. About 115 of the eliminated positions are vacant. None of the positions are at the store level. The company projects a $7 million pre-tax cash expense for the third quarter of 2015 related to one-time severance-related expenses associated with the restructuring. Dollar General stock is down 15% for the past three months. The S&P is down 4.6% for the same period.