Dollar General Is Cutting 255 Corporate Jobs

Dollar General Corporate Job Cuts

Dollar General Corp. is planning to cut 255 corporate jobs, including approximately 115 vacant positions in an effort to cut costs and improve efficiency.

In a press release the discount store said store-level jobs will not be affected.

Dollar General expects a third-quarter pretax charge of about $7 million.

“Looking ahead to fiscal 2016, Dollar General expects to continue its expense control and reduction initiative by implementing a more rigorous budgeting process,” the company said.

Dollar Tree Inc. and Family Dollar Stores Inc. merged in July, causing Dollar General to face increased competition. The company recently said it would face higher wage costs after Wal-Mart Stores Inc.’s February decision to raise hourly pay.

Dollar General has more 12,198 store’s, while Dollar Tree’s brands have more than 13,864.

In August, Dollar General reported second-quarter earnings slightly above Wall Street estimates. Existing location sales grew 2.8%.

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Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at PeterMondrose@BusinessPundit.com or (929) 265-0240.