Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[TraderAI]

and JCP is hiring for HR payroll &. 3200+ jobs!

Doesn’t seem like a bankrupt company to me. Just one that wants to destroy retiree pension plans.

JCP is now on the government backed Pension Benefit Guaranty Corporation (PBGC) yet they JCP
is on a mad a hiring spree.

They don’t have enough HR staff to cut paychecks!

https://jobs.JCP.com
HR Business Partner - Chicago
Location: Payroll Use-State Of, IL, United States -
Job ID: 1092531
Corporate Positions
Human Resources
Job Type: Full-Time
Date Updated: Dec 1, 2020



Probably the real reason execs wanted JCP dismantled
In BK court is right here. RETIREES LOSE 8% of their pension. This is so very sad and must be stopped it is a FRAUD! Quick way to wipe out 3.6B

https://www.pbgc.gov/wr/jc-penney-pension-plans

J.C. Penney Corporation, Inc. Pension Plan
On May 15, 2020, J.C. Penney Corporation, Inc., along with 17 of its subsidiaries and related entities, filed for Chapter 11 protection in the U.S. Bankruptcy Court in Corpus Christi, Texas. On October 20, 2020, the company sought court approval of an agreement in which J.C. Penney’s assets would be acquired by a joint venture led by Brookfield Asset Management, Inc. and Simon Property Group. The joint venture did not agree to assume the pension plan, leaving it without an ongoing, viable sponsor.

PBGC continues to work with J.C. Penney to protect the interests of the plan’s current and future retirees. At this time, J.C. Penney continues to pay retirement benefits for pension plan participants.

Please contact the J.C. Penney Benefits Center at?1-888-890-8900?or visit JCP Benefits

for service about a J.C. Penney pension benefit that you are already receiving or
to apply for J.C. Penney pension benefits.
Please visit our Q&A for J.C. Penney for specific information about PBGC and J.C. Penney, and visit our Frequently Asked Questions for general information about PBGC.